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.
Two sovereignist candidates, namely the leader of the far-right Alliance for the Union of Romanians (AUR), George Simion, and former Social Democratic (PSD) prime minister Victor Ponta, are in the first two positions in the race for the presidential office in a Verifield poll commissioned by Bucharest mayor Nicușor Dan and presented on Monday, March […]
Romania is becoming a European benchmark in sustainability, thanks to the Deposit Return System implemented by RetuRO, the company managing the country’s largest circular economy project. The system’s performance in its first year of operation and its development objectives for this year were presented by Gemma Webb, CEO and Chair of the RetuRO Board of […]
Teilor Holding, the company operating the Teilor jewelry store chain, is on track to list its two corporate bonds on the Bucharest Stock Exchange on Thursday, April 13. The bonds, which will go on the AeRO Multilateral Trading System, have a total aggregated value of nearly EUR 4.5 million, and were sold in October last […]
Eight Romanian couriers in the United Kingdom were sentenced to more than 30 years imprisonment after stealing parcels worth EUR 1 million and selling them online. Three of the suspects managed to flee to Romania and are now being sought. The former couriers operated together between September 2022 and February 2023 in Birmingham. Using their […]
Bucharest’s central Easter fair, Traditions and Flowers of the Holidays, returns in King Michael I Park (Herăstrău) between April 12 and 21. Held at the Charles de Gaulle entrance, the event awaits visitors with local crafts, traditions, and various activities. The fair is dedicated both to the Palm Sunday and Easter holidays, the organizers said. […]
Interim president Ilie Bolojan marked 21 years since Romania's accession to the North Atlantic Alliance by stating that the NATO anti-missile shield in southern Romania made the country safe, allowing it to develop economically. NATO membership meant that Romania was a safe place, Bolojan said, adding that this was “especially due to the support provided […]
