reinsurance
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Insurers less reliant on reinsurance in 2007
Insurance companies relied more on their own ability to settle claims than on reinsurance last year, after reinsurance premiums fell against 2006, according to data from the 2007 report of the Insurance Supervisory Commission.
Domestic insurers cannot afford to buy reinsurance abroad
The volume of gross premiums received for reinsurance by companies on the domestic market increased by 150% in euros last year, to 22.2 million euros (78.3 million RON), according to the 200...
Ardaf transfers less for reinsurance
The value of premiums transferred for reinsurance purposes by Ardaf halved last year, although the company''s revenues grew by 30% in RON, according to its annual report, published on the RA...
Allianz-Tiriac takes profit over reinsurance
The largest general insurance company in Romania, Allianz-Tiriac, has announced plans to substantially reduce the volume of premiums ceded to reinsurance companies. This is a strategic move,...