ASF Starts Bankruptcy Proceedings Against City Insurance

09.17.2021 By Mircea Nica

Romania’s Financial Supervisory Authority (ASF) on Friday evening announced it would start bankruptcy proceedings against City Insurance, the largest auto liability (RCA) insurance provider in the country, with a market share of 45%, for failing to restore capital indicators because no investor came to its rescue.

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Keywords:
city insurance
, asf
, bankruptcy