09.16.2021

Axa Trans Construct is a builder owned by Virlan family, operating in the field of civil and industrial constructions as a general entrepreneur. The pandemic drove the company’s turnover to RON35 more

08.25.2016

The share capital of Axa Life Insurance was increased to RON95.2 million, following a capital injection of RON20.5 million, according to a press statement of the Financial Supervisory Authority (ASF). more

08.04.2016

Insurers BCR Asigurari de Viata and Omniasig, members of Austria’s Vienna Insurance Group (VIG), signed, on August 3, an agreement to take over life insurer AXA Life Insurance SA. 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

12.18.2014

French insurance group Axa has sold its Romanian life insurance and savings operations to SAI Certinvest and SIF Transilvania, exiting the Romanian market. more

12.08.2014

Certinvest, the largest independent mutual fund manager in Romania, wants to buy AXA Asigurari, the local subsidiary of French giant AXA, according to market sources, after the deal for latter’s more

10.09.2014

AXA Asigurari, the local subsidiary of French group AXA, raised its capital by EUR1.1 million in August, with total capital injections by the French group reaching some EUR3 million in 2014, according more

09.21.2014

French insurance group AXA has terminated a contract under which it was to sell its Romanian business AXA Life Insurance Romania to local insurer Astra Asigurari and is looking at other strategic more

08.06.2014

The transaction through which insurer Astra Asigurari will take over the Romanian division of French group AXA will be approved provided Astra increases its share capital and recovers financially, more

05.27.2014

AXA Life Insurance Romania, part of French group AXA, posted a RON45.99 million loss in 2013, 4.9% higher than in 2012, marking its fourth consecutive year of losses, which amounted to RON155.9 more

02.28.2014

French-held insurer AXA, which decided to pull out from Romania at the end of last year, booked a EUR26 million loss on the sale of its local life insurance operations, its annual report reveals. It more

02.11.2014

AXA Romania’s Chief Executive Officer (CEO) Violeta Ciurel will run the operations of AXA Insurance Portugal after the finalization of the process through which the Romanian division is taken over more

01.13.2014

AXA Life Insurance will provide voluntary health insurance to employees of power grid Transelectrica until October 2016 under a RON6.99 million contract, according to public procurement website more

12.20.2013

Romanian antitrust authorities are looking into the takeover of Axa Life Insurance, the local, subsidiary of French group AXA, by the Romanian leading insurer Astra Asigurari. more

11.29.2013

French group AXA confirmed Friday it sold its operations in Romania to insurer Astra Asigurari, owned by Romanian businessman Dan Adamescu, and will exit the local market. more

11.20.2013

French insurance giant AXA is in final negotiations to sell its Romanian subsidiary to the largest insurer on the market, Romanian-held Astra, according to market sources. The decision to withdraw more

08.05.2013

Romanian insurer AXA Asigurari, the local subsidiary of French giant AXA, underwrote gross premiums worth 16.7 million lei (EUR3.7 million) in the first half of 2013, 10% higher on the year. more

02.25.2013

AXA Life Insurance Romania’s revenues from underwritten premiums increased 31% last year, from 24.8 million lei (EUR5.6 million) in 2011, according to insurance market regulator CSA. more

11.01.2012

Europe’s largest insurer Axa will continue investments in Romania, but at a slower pace because of worse than expected economic conditions, said Violeta Ciurel, chief executive of AXA Asigurari more

06.19.2012

AXA Life Insurance Romania wants to double revenues from underwritten premiums this year to 49 million lei (EUR11 million), the insurer’s sales manager, Dan Buta, told a news conference Tuesday. more

06.13.2012

Violeta Ciurel, CEO and president of AXA Life Insurance Romania, will also take over as president of AXA Insurance Hungary, starting on July 1. more

12.21.2011

Romanian insurer AXA Life Insurance won in November an auction held by electricity distributor Electrica, for a 18.1 million lei (EUR4.23 million) health insurance contract. more

11.28.2011

It’s been a year since Violeta Ciurel, 53, one of the most experienced managers in life insurance on the Romanian market, accepted the biggest challenge in her professional career: to start all over more

09.16.2011

A year after entering the Romanian market via a EUR5 million acquisition, French insurance giant AXA announces the first details of its expansion plans. more

08.17.2011

Romanian AXA Life Insurance (formerly Omniasig Life) underwrote premiums worth 10.96 million lei (EUR2.57 million) in the first half of this year, down almost 1% from June 2010, according to company more