Romanian Insurer Ardaf Expects Switch To RON3.2M Loss In ‘11

03.23.2011 By Andrei Circhelan

Romanian insurer Ardaf Bucuresti (ARDF.RO) expects gross premiums underwritten to drop 20.9% on the year in 2010, to 171.6 million lei (EUR1=RON4.126), and a net loss of RON3.16 million, according to the company’s budget published Wednesday.

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