Clients of bankrupt Euroasig receive 1.2m euros

Clients of Euroasig, an insurance company which filed for bankruptcy in December last year, had received 5.1 million RON (1.2 million euros) by the end of May from the Insured Clients Guarantee Fund, managed by the Insurance Supervisory Commission (CSA). These are clients who were supposed to be paid damages by the insurance company and those to whom the insurance premium covering the period from the company’s bankruptcy until the end of the contract was refunded. Until the end of last month, the Fund paid damages for 771 claim files. Payments are also due to be made in the coming period for 470 files, in the amount of over 1.4 million RON (340,000 euros). In addition, there are another 337 files waiting for documentation to be ready in order for money to be collected. Euroasig has 6,691 creditors in all, and had received payment requests from over 1,800 of them by the end of May. The list of creditors is published on the website of the Guarantee Fund.