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.
Prices in Bucharest’s premium residential market have doubled over the past few years, reaching record highs amid a severe shortage of supply in the city’s most exclusive neighborhoods, Cushman & Wakefield Echinox said. Areas such as Primăverii, Kiseleff, Aviatorilor, and Dorobanți continue to dominate demand. Over the past 2 or 3 years, prices for premium […]
The Romanian Consulate in New York shared on social media the story of George Pomuț (George Pomutz, born Gheorghe Pomuț), the Romanian-American who facilitated the sale of Alaska to the US. Despite his role in US history, the Romanian is largely unknown today, the Consulate noted. Pomuț was born in the Hungarian town of Gyula, […]
Shares of Cris-Tim Family Holding (BVB: CFH) began trading on the Bucharest Stock Exchange on November 26 after an IPO worth RON 454.35 million (EUR 89.3 million) conducted last month. Cris-Tim is now the largest entrepreneurial company in the food sector on the BVB Main Market. The funds raised from institutional and over 8,000 retail […]
The Fabrica de Glucoză area is undergoing one of the fastest urban transformations in Bucharest, strengthening its position as one of the most dynamic residential and investment hubs in the northern part of the city. The modernization of infrastructure, the reconfiguration of the Dimitrie Pompeiu – Fabrica de Glucoză – Pipera axis, and the overall […]
Furnica Hotel, located near the famous Peleș Castle in the mountain town of Sinaia, and one of the landmark buildings of the Peleș Royal Domain, has been officially put up for sale by the Royal House of Romania. The hotel, whose initial purpose was to serve as housing for the staff employed by the Royal […]
The Bucharest National Opera will open the Romania–Italy Cultural Year 2026 with a gala concert in Rome on December 1, Romania’s National Day. The event, hosted at the prestigious Teatro dell’Opera di Roma, is organized by the Romanian Embassy in Italy in partnership with the Bucharest National Opera and supported by Romania’s Ministry of Foreign […]
