Omniasig AGI aims for top 10 comeback

Omniasig AGI insurance company, whose controlling interests were acquired by Omniasig this year, has set itself the goal for the coming years of re-entering the top ten on the general insurance market. It managed to make it to the top ten in 2002 but failed to hold its position last year. “We will expand the sales network and develop the partnerships Omniasig Group facilitates for us,” explained Dan Stoian, the newly appointed head of the company. He replaced Radu Mustatea, who left to take up a position at the Unita insurance company held by WienerStaedtische. This spring Omniasig acquired 50% in AGI Romania following a public offering put out by AGI, which was increasing its capital. In total, Omniasig invested 1.5 million euros in order to acquire a 50% stake in AGI Romania. Dan Stoian believes a merger of the two entities is one of the least likely scenarios for their future development. ZF