Omniasig braces for market growth

The acquisition by Omniasig of 40% in one of its competitors, AGI Romania, is part of the strategy employed by the insurer and its main shareholder, TBIH Financial Services, to grow and expand on the insurance market before the expected market surge. “We have done that (mergers and acquisitions i.e.) on the Romanian market before. Whereas the Agras deal was grounded on profitability reasons, the acquisition of a stake in AGI Romania was motivated by the need to improve our market presence,” said Constantin Toma, chairman of Omniasig. ZF