08.26.2015

Romania's Financial Supervisory Authority ASF on Wednesday asked for the bankruptcy of insurer Astra Asigurari, under special administration, after the company failed to raise RON425 million for the more

08.21.2015

Stockholders with insurers Euroins, Asirom, Carpatica and EximAsig are deemed to make a capital injection of 365 million lei (EUR82 million) by yearend, as a result of the Financial Supervisory more

08.19.2015

The board of the Financial Supervisory Authority designated Carmen Daniela Radu Wednesday to head the board of the insurance guarantee fund, set up in July. more

08.06.2015

Romania's Financial Supervisory Authority posted a budget surplus of RON23 million in the first half of the year, more than triple compared to the first half of 2014, after collecting more money from more

07.30.2015

Romania’s Financial Supervisory Authority (ASF) has preliminarily approved the merger between voluntary pension funds (Pillar III) Eureko Confort and Aegon Esential, through the absorption of Eureko more

07.16.2015

Insurers Axa, Astra, EximAsig, Euroins and Carpatica don't meet minimum capital requirements under Solvency II standards, which become mandatory as of January 1, 2016, Romania's financial regulator more

07.09.2015

Misu Negritoiu, head of Financial Supervisory Authority (ASF), confirmed Thursday that ASF will announce next week the results of the first stage of insurers’ examination, which is aimed at building more

07.09.2015

Romania’s Financial Supervisory Authority (ASF) set off a massive reconstruction process of the insurance market in order to lay the basis for sustainable growth and bring the local insurance market more

07.08.2015

Financial Supervisory Authority (ASF) will announce next week the results of the first stage of the insurers overview program, which included 13 companies with an overall market share of over 80%, more

07.07.2015

Financial Supervisory Authority (ASF), supervising and regulating insurances, the capital market and private pensions, posted revenue of 165.9 million lei from its basic activity in 2014, the more

07.03.2015

Romania's financial regulator ASF has rejected SAI Certinvest's move to take over the local life insurance operations of France's Axa, citing unfulfilled reputation, integrity and financial soundness more

06.08.2015

The financial watchdog ASF has approved the plan for a second capital raise for insurer Astra and, if achieved, it will be the saving signal for the company, ASF vice-president Mircea Ursache said more

06.05.2015

Romanian local financial regulator ASF authorized BRD Asset Management, the third fund manager by size with RON2.6 billion assets under management, to launch open-end investment fund BRD USD more

05.28.2015

Romania’s life and non-life (general) insurance underwritten premiums reached RON1.97 billion (EUR450 million) in January-March, up 7.39% from RON1.84 billion in the same period a year earlier, more

03.27.2015

PwC Romania will assess executive jobs within financial regulation authority ASF and establish a salary system for these positions. more

03.19.2015

Romania’s Financial Supervisory Authority (ASF) has approved the contract of Franklin Templeton as manager of investment fund Fondul Proprietatea (FP.RO). more

03.12.2015

Romania’s life and non-life (general) insurance underwritten premiums reached RON8.09 billion (EUR1.83 billion) in 2014, down 0.34% on the year, according to data provided by the Financial more

03.05.2015

Romania’s Financial Supervisory Authority (ASF) on Thursday said it registered revenue of RON165.92 million from its basic activity in 2014, up 18.67% from RON139.82 million a year before. more

01.26.2015

The Romanian insurance market ill stagnate this year, in the best case scenario, depending on what happens to insurers Astra and Carpatica Asig, Cristian Constantinescu, member in Allianz-Tiriac's more

01.26.2015

The Romanian insurance sector faced a difficult year in 2014, amid the incoherence of Romania's financial watchdog ASF, while things are far from going to the right direction, Cristian Constantinescu, more

01.20.2015

The Romanian capital market legislation is currently at emerging market level following the amendments operated in the last two years, vice-president of Romania’s Financial Supervisory Authority more

01.12.2015

Romania's financial watchdog ASF is currently analyzing the method for the calculation of tariffs for the mandatory car insurance policies (RCA) for youths and plans to identify a reasonable solution more

12.29.2014

Romanian financial authority ASF approved the share capital increase of state-owned nuclear power producer Nuclearelectrica (SNN.RO) by 239 million lei (EUR53.46 million), the company said in a more

12.03.2014

Romanian investment fund Fondul Proprietatea (FP.RO) hopes financial authority ASF will reconsider its decision on the rejection of depositary interests regulation, by which it plans to float on the more

11.27.2014

Premiums underwritten on the segment of mandatory car insurance policies (RCA) rose 11% to RON1.94 billion in the first nine months, due to a 3% rise in the average premium, to RON515, and a 4% rise more