February 26, 2017 3:06 AM ET

Insurance

Company Overview of SC Euroins Romania Asigurare Reasigurare SA

Company Overview

SC Euroins Romania Asigurare Reasigurare SA provides insurance products and services to its customers in Romania. It offers accidental, health, motor, railway, motor liabilities, MTPL, marine, cargo, property, PAD, general liabilities, financial loss, and travel insurance products; and electronic equipment, construction work, machinery, agriculture, payment performance bond, and animal insurance products. The company was founded in 1994 and is based in Ilfov, Romania. SC Euroins Romania Asigurare Reasigurare SA operates as a subsidiary of Eurohold Bulgaria AD.

Bucuresti North Road, nr. 10

Global City Business Park

O23 Building, 4th floor

Voluntari

Ilfov,  077190

Romania

Founded in 1994

Phone:

40 21 317 0711

Fax:

40 21 317 0714

Key Executives for SC Euroins Romania Asigurare Reasigurare SA

Chief Executive Officer
Deputy Chief Executive Officer
Compensation as of Fiscal Year 2016.

SC Euroins Romania Asigurare Reasigurare SA Key Developments

Euroins Romania Reports Earnings Results for the Month and Eight Months Ended August 2015

Euroins Romania reported earnings results for the month and eight months ended August 2015. In August alone, the premium income rose by 55.9% on the year to €13.3 million. Income from third-party vehicles insurance increased by an annual 62.9% while general insurance income went down by 45.7% on the year. Income from property insurance fell by 19%. The premium income rose 54.3% over the year to €102.9 million ($116.4 million) in the first eight months of 2015. The premium income from third-party liability insurance for motor vehicles increased 59.3% year-on-year to €97.9 million in the January-August period. Premium income from general motor insurance dropped by an annual 43.9% to €1.1 million in the period under review, while that from property insurance was down by 0.5% on the year to €1.2 million.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 20, 2017
ATE Insurance SA Romania, Non-Life Insurance Portfolio
Private Placement
April 19, 2016
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