AIG Romania slows down

General insurer AIG Romania, a branch of insurance and financial services company American International Group, posted 353bn ROL in gross underwritten premiums in the half-year, up 25% in ROL and dollars from last year. However, the increase in euros is almost nonexistent: only 1%, as the domestic currency has lost ground against the single European currency. The company logged a bigger ROL increase (33%), up to 325bn ROL, for the gross premiums, though below the insurance market levels. “First-half results are a little below expectations,” AIG Romania general manager Mihnea Tobescu said. ZF