SIGNAL IDUNA continues its expansion on the Romanian market and announces the signing on 1 November 2024 of the agreement for the acquisition of a majority stake in the Garanta Asigurari company, whose main shareholder is The Ethniki, Hellenic General Insurance Company, the no. 1 composite insurer in Greece. The acquisition of the majority stake in Garanta Asigurari company marks a significant step in SIGNAL IDUNA’s development strategy and makes a major contribution to strengthening its position on the local market. This transaction also underscores the strong sign of confidence of the German SIGNAL IDUNA Group’s confidence in the Romanian insurance market and in the activity carried out by the management team, focused on sustainable development and innovation within the insurance sector. The transaction will be completed following the receipt of the necessary approvals from the Financial Supervisory Authority (ASF) and the Romanian Competition Council, as well as the fulfillment of the conditions of sale agreed by the parties. Following the success recorded in 2021 through the acquisition and integration of the two ERGO companies, SIGNAL IDUNA continues and expands the repositioning process as an insurer that offers suitable insurance solutions for any need of Romanians. Tiberiu Maier, CEO of SIGNAL IDUNA ASIGURARE REASIGURARE: “With this recent acquisition, we mark a new significant stage in our journey, which rewards the success and positive results we have achieved in over 16 years of activity in Romania. We are thus taking another firm step towards consolidating SIGNAL IDUNA’s position among the top insurers. In an economic and social landscape characterized by major transformations, insurance has become an essential pillar for the stability and financial security of both individuals and companies. This paradigm shift requires a proactive approach and quick adaptation to market dynamics. In the business environment, agility and anticipation of changes are essential elements for success. With a strong team and diverse expertise, we are ready to continue our strategic plans toward a digital future. We reconfirm our commitment to customers, offering complete insurance solutions and to partners, through the contribution we want to bring together to the development of the insurance market in Romania.” SIGNAL IDUNA reported at the end of 2023 a volume of gross written premiums of over 274 million lei for health and life insurance and over 93 million lei for general insurance.
Faster declines in orders and output fail to dampen future outlook Reduced demand for inputs sees inflationary pressures cool... ...and supplier performance improve for the first time on record The Romanian manufacturing downturn deepened in March, as firms signalled a deterioration across all elements of the headline PMI. New orders and output decreased at faster […]
Digital services revenue is estimated to rise by 44%, expanding from 34% to nearly half (49%) of companies revenue by 2029, according to a report compiled from IDC surveys across Europe, Asia-Pacific region (APAC), and the Middle East demanded by Endava (NYSE ‘DAVA’), a leading technology services company combining world-class engineering, industry expertise, and a […]
On Monday, March 31, a detachment of the Romanian Air Force called "Carpathian Vipers" began executing an enhanced air policing mission in Lithuania. The mission will last four months, between April and July 2025. The "Carpathian Vipers" detachment, consisting of approximately 100 military personnel and four F-16 Fighting Falcon aircraft, will carry out missions alongside […]
On Tuesday, April 1, controversial brothers and influencers Andrew and Tristan Tate left for Dubai after meeting with DIICOT prosecutors. Before they departed, the brothers mentioned that they would return to Romania within the legal period of two months, in accordance with the obligations of judicial control. "On April 1, 2025, Andrew Tate and Tristan […]
Wizz Air has officially opened its base at Bucharest Băneasa Airport, the capital’s secondary one, which will be served by an Airbus A321neo aircraft. An additional aircraft will also operate from Bucharest’s Henri Coandă Airport (Otopeni) from August 1, bringing the total number of aircraft based in Bucharest to 21 this summer, the carrier said. […]
A blood donation event will take place on Friday, April 4, at the Bucharest City Hall. Participation will be allowed only after phone confirmation from the organizers. Blood donation at the event is not remunerated, but each donor has the right to receive the results of the tests performed. They also receive meal vouchers worth […]
