insurance
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Groupama prepares for the biggest merger in insurance
After having paid almost half a billion euros for Asiban, BT Asigurari and OTP Garancia, French firm Groupama is preparing for another spectacular move: the merger of the three insurers.
Porsche starts to sell insurance
Austrian group Porsche has brought its insurance company onto the Romanian market and is to soon start selling policies.
Generali: We could see new life insurance sales down in winter
The number of Romanians who buy life insurance policies could go down in a few months' time, in the wake of more expensive credits, utilities and food, leaving people with less money to spar...
Fierce fight on auto liability insurance market
The market of mandatory auto liability insurance for individuals, where competition between insurers is at its fiercest, exceeded 649.4 million RON (194.6 million euros) last year, according...
Signal Iduna to start selling insurance in late October
Signal Iduna Asigurari de Viata, an insurance company recently authorised by the Insurance Supervisory Commission, held by German group Signal Iduna, will start to sell life and health insur...
Allianz: The company's value has increased significantly
German group Allianz does not intend to sell Allianz-Tiriac, the leader of the local insurance market, and the most valuable company in this field.
Head of Allianz-Tiriac: Insurers' losses will be at least as big as last year
The insurance market will see net losses at least similar to those recorded in 2007, worth almost 76 million euros, forecasts Cristian Constantinescu, general manager of Allianz-Tiriac, the...
Top 4 insurance players account for 60% of market's profit
The insurance market recorded a total net profit of 32.9 million euros in the first half of the year, while losses amounted to 37.2 million euros. Four insurance companies - Allianz-Tiriac,...
Unita up 46% on comprehensive insurance in first half
Unita, a company currently involved in a takeover at the hands of Austrian Uniqa group, posted a 46% increase in its comprehensive auto insurance in the first six months, to 132.5 million RO...