Allianz-Tiriac climbs 27%

Insurer Allianz-Tiriac Asigurari posted gross underwritten premiums worth 101.4m euros in nine months this year, up 27% from the year-ago interval. The company expects the full-year gross underwritten premiums to total 130m euros, up from 110m euros in 2002. “We are experiencing a consolidation period, following the sharp growth paces in the last 3-4 years,” the company’s general manager Cristian Constantinescu said. Ever since the company joined the German group Allianz in 2000, it has averaged a growth pace exceeding 60% in euros. ZF