09.14.2016

The Supreme Court admitted the request of the National Anticorruption Department on banning the start of dissolution and liquidation proceedings in the case of Romanian insurance company Carpatica more

07.27.2016

Romania’s Financial Supervisory Authority (ASF) on Wednesday asked for the start of bankruptcy proceedings for Romanian insurance company Carpatica Asig, a company with an annual turnover of EUR130 more

07.27.2016

Romania’s Financial Supervisory Authority (ASF) will decide Wednesday on the bankruptcy of Romanian insurance company Carpatica Asig, a company with an annual turnover of EUR130 million and 500 more

06.09.2016

Romania’s Financial Supervisory Authority (ASF) on Thursday said the file submitted by International Insurance Consortium (IIC Group) for the takeover of Romanian insurance company Carpatica Asig more

03.17.2016

Netherland-based International Insurance Consortium has reached an agreement with the owners of insurance company Carpatica Asig, for which the Financial Supervisory Authority ASF decided to apply more

02.22.2016

Insurance company Carpatica Asig, for which the Financial Supervisory Authority ASF decided to apply resolution measures, said it registered sales of RON89 million in January 2016, nearly 65% higher more

01.26.2016

The Executive Board of insurer Carpatica Asig, along with the guarantee fund of the insured (FGA), is authorized to complete the capital attraction procedure and the due diligence process, after the more

01.25.2016

Romania’s Financial Supervisory Authority ASF will apply resolution measures at insurance company Carpatica Asig in order to avoid any potential negative effects on the financial stability of the more

01.11.2016

Insurance company Carpatica Asig, controlled by businessman Ilie Carabulea, said Monday it is starting the due diligence procedure by which the company will be financially, commercially and more

12.28.2015

Shareholders of insurance company Carpatica Asig, controlled by businessman Ilie Carabulea, signed on December 21 a memorandum of understanding with an exclusivity clause with a "European strategic more

12.15.2015

Shareholders of Carpatica Asig, controlled by businessman Ilie Carabulea, are in advanced negotiations with several investors interested in taking over the company, Carpatica Asig said in a statement more

09.21.2015

Carpatica Asig, controlled by businessman Ilie Carabulea and currently under financial recovery, on Monday said it increased its share capital by RON2.5 million, to RON24.3 million, through more

09.14.2015

Carpatica Asig, controlled by businessman Ilie Carabulea, currently under financial recovery, will find a solution by yearend at the problems identified by Romania's Financial Supervisory Authority more

09.11.2015

Carpatica Asig, controlled by businessman Ilie Carabulea, currently under financial recovery, underwrote gross premiums of RON257.26 million in the first six months, down 15.7% on the year, in line more

05.28.2015

Insurer Carpatica Asig, controlled by businessman Ilie Carabulea, currently under financial recovery, might need additional capital of EUR100 million to meet Solvency II requirements, according to more

09.16.2014

Romanian insurer Carpatica Asig has proposed to appoint Valeriu Sergiu Loghin as its new general manager, after the previous general manager Ina Crudu decided to leave the company as of September 15. more

09.12.2014

The financial recovery plan of insurer Carpatica Asig, targeting the return to profitability, requires funds injection of maximum EUR20 million, that will be covered via the share capital increase and more

09.10.2014

Romania’s Financial Supervisory Authority (ASF) approved last week the financial recovery plan of insurer Carpatica Asig, which stipulates the share capital hike via cash contribution, the drawing more

06.16.2014

Romanian insurer Carpatica Asig Sibiu on Monday said its loss widened more than 330% to 30.3 million lei (EUR6.8 million) on the in 2013, facing three consecutive years of losses, according to company more

05.19.2014

Three companies holding over 30% of the insurance market are going through rough times. more

05.13.2014

The growth rate of Romanian insurer Carpatica Asig’s underwritings fell three-fold in the first quarter of the year, to 30.6%, from 94.5% in the same period a year earlier, while the company’s more

02.06.2014

Romanian insurer Carpatica Asig Thursday said it underwrote premiums of 481.7 million lei (EUR108.1 million) in 2013, up 61% on the year, due to an increase in the number of clients, from over 950,000 more

10.29.2013

Romanian insurer Carpatica Asig Tuesday said it underwrote premiums of 357.95 million lei (EUR80.6 million) in the first nine months of 2013, up 73% from RON206.98 million in the same period in 2012. more

08.19.2013

Romanian insurer Carpatica Asig Sibiu Monday said it underwrote premiums of RON228.96 million in the first half of 2013, up 77% from RON128.75 million in the same period in 2012. more

05.22.2013

Romanian insurer Carpatica Asig Sibiu said Wednesday it underwrote premiums of 125.9 million lei (EUR28.9 million) in the first quarter of 2013, up 95.4% from the same period in 2012. more