“We plan to successfully transfer the capital of confidence and image that we built in the last 18 years to the new brand, Renomia SRBA,” said Gheorghe Grad, country manager for Romania.
Renomia bought a 51% stake in SRBA last year. The Czech group is present on the markets in Hungary, Slovakia and Bulgaria and has an overall turnover of more than EUR200 million.
In the first five months of the year, the Romanian broker registered a 47.8% growth in the volume of brokered premiums, or RON32.65 million, which triggered a 31.3% turnover growth.
The company, which has own branches and partners in Bucharest and the majority of Romanian counties, will keep retail as an important segment in its activity, and will also focus on corporate and agricultural insurance.