08.29.2012

Generali, a top ten company on the insurance market, will stop selling policies under the Ardaf brand and will use one network branded as Generali. It also plans to close a number of branches and more

12.14.2011

Romanian insurance regulator CSA approved on November 22 the transfer of insurer Generali Asigurari’ policy portfolio to insurer Ardaf, and the merger of the two companies. more

11.21.2011

Romanian insurer Ardaf posted losses of 22.36 million lei (EUR5.3 million) in the first nine months, with a loss of RON30.46 million in the third quarter. more

09.22.2011

The prolonged crisis is pushing the insurance market towards mergers to create stronger companies, considering that more than 40 companies share business of EUR2 billion and that the money has more

09.09.2011

Romanian insurer Ardaf reported net profit of 8.1 million lei (EUR1.9 million) in the first six months of 2011, down 10% on the year, and revenue of RON157.3 million, down 22% compared to 2010. more

09.06.2011

Italian-held Generali is targeting a 10% share of the Romanian insurance market after it brought its domestic operations under the umbrella of a single company and is not ruling out new acquisitions. more

08.17.2011

Romanian insurer Ardaf Bucuresti (ARDF) underwrote premiums of 64.89 million lei (about EUR15.22 million) in the first half of the year, down 54% compared to the same interval in 2010, said the more

05.16.2011

Ardaf (ARDF.RO) posted revenues from underwritten premiums of 35.69 million lei (EUR8.75 million) in the first quarter of the year, down 56.9% compared to the first quarter of 2010, while its profit more

03.23.2011

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 more