insurance market
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Major insurers curb losses
The insurance market went into the red in 2006 and since then losses have deepened by the year. In 2009, though, major insurers seem to have had better results.
Astra becomes leader of insurance market
The first quarter of this year saw a reversal in the insurance market ranking: Astra, held by businessman Dan Adamescu, climbed to the no. 1 spot from fourth place last year.
Omniasig turnover drops 6%; profit down to one third of 2008 level
Omniasig, ranking second on the insurance market, controlled by Austria’s Vienna Insurance, last year for the first time posted decline in underwritten premiums, by 6%, to 1.11bn RON (264m...
ING Asigurari sees better year: 5% higher turnover
ING Asigurari, the biggest company on the life insurance market, expects its turnover to pick up after the 2009 decline and has budgeted a 5% increase in gross underwritten premiums for this...
First annual decline for Allianz-Tiriac turnover: 7%
Allianz-Tiriac, the biggest company on the insurance market, has fully felt the crisis fallout, witnessing the first annual turnover slump, of 7% in 2009.
French giant AXA taps into insurance market by buying Omniasig Life
French group AXA, with more than 91 billion euros in turnover, is about to enter the local insurance market and will do it by acquiring Omniasig Life, a small life insurance company, control...
CSA expects insurance market to rise by 5% in 2010
In the first three quarters, the market stagnated as a result of the almost 10% decline posted on the life insurance segment.
Allianz-Tiriac: Claims for moral damages and bodily injuries have tripled
Claims Allianz-Tiriac, leader of the insurance market, had for moral damages and bodily injuries caused by traffic accidents tripled in the first nine months of this year, coming to account...
Shocking move on insurance market: Constantin Toma leaves Omniasig
Constantin Toma, 48, one of the most powerful people in the insurance industry and Omniasig's general manager for fourteen years, could leave this position soon, sources on the insurance mar...