WebSep 20, 2024 · The Financial Supervisory Authority (ASF) decided last week to open bankruptcy proceedings for the car insurance market leader, City Insurance. In this … WebPotrivit legii, doar de la data publicării deciziei ASF în Monitorul Oficial al României creditorii de asigurări ai Societăţii de Asigurare Reasigurare City Insurance S.A pot depune cereri de plată la FGAsau cereri de restituire primă.
Romanian authority withdraws authorisation for City Insurance SA
WebOct 20, 2024 · Given the considerable size of City's portfolio and also based on past lessons learned from other bankruptcies in the insurance sector, the Romanian Government adopted new rules aimed at... Webassessment of the Romanian insurance sector through a BSR”. This statement explained that “an assessment of the assets and liabilities of insurance undertakings, including the … ims group holding gmbh
CITY Insurance bankruptcy case settlement prolonged - Romania
WebMay 3, 2024 · Reddit. Until now, about 1,600 creditors of the Romanian bankrupt insurer City Insurance, formerly the market leader with a 43% market share, have filed requests to recover a total amount of RON 9 ... WebJuly 20 2024, last day during which the insurance creditors of Societatea de Asigurare Reasigurare City Insurance S.A. can still submit payment requests to the Policyholders Guarantee Fund (FGA) Load more The Policyholders Guarantee Fund is member of the International Forum of Insurance Guarantee Schemeshe WebCity Insurance is at risk of becoming bankrupt because of its hundreds of millions of euros in debt. The company failed to prove to the Romanian Supervisory Financial Authority (ASF) that it holds the legal minimum amount of money (150 mil. €) in order for it to operate, thus risking its operating license to be taken away. lithium sulfate bonds