Results 1 - 16 from 16 for "city insurance"
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Creditors File EUR1,8B Worth Of Claims Against Bankrupt Insurer City Insurance
05.03.2022
About 1,600 creditors of Romanian bankrupt insurer City Insurance, formerly the market leader with a 43% market share, have filed requests to recover a total amount of RON9 billion (EUR1.8 billion), more
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Romania Auto Liability Insurance Market Hits Record High In 2021, With Underwritings Of RON5.9B
02.16.2022
Romania’s auto liability insurance policies (RCA) market reached a record level of gross premiums underwritten in 2021, of RON5.93 billion, the biggest increase of the last 11 years, of 49.4% versus more
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ASF Starts Bankruptcy Proceedings Against City Insurance
09.17.2021
Romania’s Financial Supervisory Authority (ASF) on Friday evening announced it would start bankruptcy proceedings against City Insurance, the largest auto liability (RCA) insurance provider in the more
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I3CP Still Wants to Buy City Insurance
09.09.2021
Dutch investor I3CP wants to continue talks to buy insurer City Insurance, says its representative Matt Fairfield, even though Romania’s financial regulator ASF announced it had not provided the more
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I3CP Subscribes To All Newly Issued Shares For Share Capital Increase Of City Insurance
08.27.2021
Dutch-based company I3CP said that on August 25 it subscribed to all newly issued shares for the share capital increase of Romanian insurer City Insurance, which was approved by the insurer’s more
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Vivendi International Group Sells City Insurance Romania To I3CP
04.06.2021
Vivendi International Group has sold City Insurance Romania, the largest insurance company on the local market, to I3CP, a global investor based in the Netherlands, the insurer said in an announcement more
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Financial Watchdog Fines City Insurance Board Members
01.26.2021
Romania's financial supervisory authority has fined members of the management and supervisory boards of City Insurance, the biggest insurance company on the local market, a total of RON3.8 million. more
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City Insurance Issued EUR410M Worth Of Insurance Policies In 2019, 28% More YoY
01.22.2020
City Insurance, the leading third party liability auto insurer in Romania, issued insurance policies of EUR410 million in 2019, 28% more on the year, and paid damage claims of EUR244 million (the more
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City Insurance Underwritings Grow 38% in Jan-Sept, to EUR298M
12.10.2019
City Insurance, the leading third party liability auto insurer in Romania, had underwritings of EUR298 million (RON1.4 billion) in the first nine months of 2019, up 38% on the year, mostly driven by more
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City Insurance Exits Financial Recovery Procedure
07.20.2017
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City Insurance, Third Largest Insurer On Local RCA Market, Starts Resolution Measures
04.11.2017
City Insurance, the third largest insurer on the local automobile liability insurance (RCA) market, with underwritten gross premiums of RON650 million in 2016, will be subject to resolution measures more
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ASF Supports Takeover Of City Insurance By Swiss Private Investor
03.23.2017
Financial Supervisory Authority (ASF) will support the takeover of insurance company City Insurance by Dr. Max Roessler, a private Swiss investor, and will cooperate both with the company and the more
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Bucharest Court Of Appeals Rejects City Insurance Appeal Against Recovery Procedure
11.08.2016
Bucharest Court of Appeals has rejected the appeal filed by insurance company City Insurance, owned by businessman Dan Odobescu, against the decision of the Financial Supervisory Authority (ASF) on more
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City Insurance Needs EUR30M Share Capital Hike To Exit Recovery Procedure
07.21.2016
Insurance company City Insurance, owned by businessman Dan Odobescu, needs a EUR30 million share capital increase to exit the financial recovery procedure, according to the plan approved by more
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City Insurance Hikes Share Capital By RON29M From 2012 Profit
06.07.2013
City Insurance has increased its share capital by 29.03 million lei (EUR6.37 million) to RON75.88 million, by including last year’s net profit, the insurer said Friday. more
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Dan Odobescu Takes Over City Insurance
03.01.2013
Romanian businessman Dan Odobescu has acquired an 85.2% stake in insurer City Insurance through his company Vivendi International SRL. more