Euroins: underwritten premiums worth 9.5m euros

Insurance company Euroins Romania (formerly Asitrans Asigurari) underwrote gross premiums worth 35.36 million RON in the first quarter of the year, up 26% compared with the same time last year. Fire and natural hazard insurance saw the highest increase, by 5.7%, while comprehensive insurance rose by 33%, and auto liability insurance by 23%. Also witnessing significant increases was agricultural insurance and goods insurance. “We believe the turnover of Euroins Romania is superior to the growth rate of the overall general insurance market in Romania,” said Bogdan Stan, the company’s general manager. The insurer’s shareholders decided on April 29th to increase the share capital by 12.1 million RON, to 36.3 million RON. Euroins reported revenues worth 91.17 from insurance premiums last year, up 40.1% against 2006. Last year, Eurohold took over 75% of the Asitrans Asigurari shares for 12.5 million euros.