6 April 2021 Bucharest/ Amsterdam – Vivendi International S.A (“Vivendi” or the “GROUP”) announces that it has entered into an agreement with I3CP Holdings B.V. („13CP”) for the sale of its entire shareholding in its insurance subsidiary City Insurance Romania S.A („CIRO”), (the „Transaction”). The Transaction has been approved by the Board of Directors of […]
City Insurance maintains its leading position on the ...
Bucharest, 29 May 2020 On the 29th of May 2020, the City Insurance Supervisory Board approved the formation of the company’s Global Strategy Advisory Board; a consultative body comprised of three members and tasked to advise the company’s Management on trends, opportunities and threats stemming from the global environment. The formation of the Global Strategy […]
PRESS RELEASE Bucharest, 22 January 2020 The ...
On January 12th took place the cutting of the January ...
Bucharest, 10 December 2019 City Insurance, Romania’s ...
City Insurance, Romania’s leading insurance firm, is pleased to announce the appointment of Robert Woodthorpe Browne MBE as chairman of the supervisory board of City Insurance SA. “On behalf of the managing board, we would like to welcome Robert Woodthorpe Browne as the new chairman of our supervisory board,” said City Insurance president of the […]
Vice chairman of City Insurance in Romania highlights ‘growth goldmine’ Personal lines and health issues offer future insurance growth opportunities in the Romanian market, according to Renato Szilagyi, vice chairman of City Insurance, which is based in the country. The company, founded in 1998 in Romania, started by providing travel health insurance after being […]
Hereunder we render the entire text of the interview with ...
With reference to the tragic accident on the date of October 5th, 2019, occurred in the area of Sfântul Gheorghe locality, Ialomița county which involved victims, Societatea de Asigurare-Reasigurare City Insurance confirms that the truck involved in the accident was insured for Motor Third Party Liability (MTPL). The Company stands by the victims of the […]
Hereunder we render the entire text of FORT press release (the Federation of the Romanian Transport Operators) and the stance adopted relatively to the articles that appeared recently in the press on Societatea de Asigurare-Reasigurare City Insurance. FORT- the Federation of the Romanian Transport Operators expresses its concern as to the fake news launched by […]
Hereunder we render the entire text of the COTAR press release and the position adopted as to the articles recently published in the press about Societatea de Asigurare-Reasigurare City Insurance The Confederation of Licensed Operators and Transporters of Romania (COTAR) expresses concern as to the information launched by the Association of the Independent Car […]
Relating to articles that have recently been released in the press regarding an alleged insolvency request for Societatea de Asigurare Reasigurare City Insurance, we would like to issue the following statements. For the period 1 January-31 July 2019 Societatea de Asigurare Reasigurare City Insurance has reported: Gross Written Premium: 239 million EUR, corresponding to 1,132 […]
City Insurance has become the market leader in the Romanian insurance and non-life insurance market in 2018, with a market share of 14.64% and 18.47% respectively, according to a recent report issued by the Romanian Financial Supervisory Authority titled “The evolution of the insurance market in 2018” (available in Romanian). City Insurance reported an […]
Cluj Arena 16.06.2018 *Video credit DigiSport
On April 11, 2018, the Supreme Court of Administrative Law of the Italian Republic (Consilio Di Stato) ordered the cancellation of the I.V.A.S.S decisions (The Insurance Supervisory and Regulatory Authorit – equivalent of the Romanian FSA) no. 51.14.00300 of 28 February 2014. The Italian court held the abuse of the Italian supervisory authority in the […]
Il 11 aprile 2018, Il Tribunale Amministrativo Supremo della Republica Italiana (Consilio Di Stato) ha disposto lʹannullamento della decisione I.V.A.S.S (Autorità di Vigilanza e Regolamentazione delle Assicurazioni – lʹequivalente dellʹASF Romania) n. 51.14.00300 del 28 febbraio 2014. Il tribunale italiano ha constatato lʹabuso dellʹautorità di vigilanza italiana del periodo 2012 – 2018 ed ha ...
After a while with many challenges, Societatea de Asigurare-Reasigurare City Insurance reconfirms its status as an important player in the Romanian non-life insurance market. Bucharest, 18 January 2018 City Insurance reveals today its 2017 financial figures, a clear analysis of the company’s growth and of its commitment to the promises it made to […]
Wednesday, 27 September , the members of the Supervisory Board held a meeting at the Bucharest headquarters of Societatea de Asigurare-Reasigurare City Insurance. Attending: Hans-Willi Schroiff – the President of the Supervisory Board, Max Rossler – Vice-president and Cristian Pascale – board member. The meeting agenda was to appoint the new Board of Directors of […]
Societatea de Asigurare- Reasiguare City Insurance fulfils what it promised in the financial recovery plan. After more than a year of probation and discussions, the Financial Supervisory Authority (FSA) confirms by Decision No. 1019/ 26.07.2017 the solvency of the insurance-reinsurance company. “We received with content FSA’s decision regarding the termination of the plan-based financial recovery […]
La Società di Assicurazione-Riassicurazione City Insurance rispetta le promesse fatte nel piano di risanamento finanziario. Dopo più di un anno di verifiche e discussioni, l’Autorità di Vigilanza Finanziaria (ASF) conferma con la decisione n. 1019/ 26.07.2017 la solvibilità della società di assicurazione-riassicurazione. “Abbiamo accolto con grande soddisfazione la decisione dell’ ASF di chiudere la ...
Bucharest, July 20, 2017 – During the yesterday’s meeting of the Financial Supervisory Authority Board, the situation of the Insurance Reinsurance Company City Insurance S.A., a company undergoing a financial recovery procedure based on a plan, was discussed and analyzed. The members of the Board were informed of the restoration of the insurer’s financial situation […]
Recently, in the specialized press there have been published several articles on the current situation of SAR City Insurance, with special reference to the stage of implementing the financial recovery program and fulfiling the measures plan implemented consequently to the decisions of FSA. We refer here to the FSA press release dated April 11, 2017, […]
Societatea de Asigurare-Reasigurare City Insurance S.A. has noticed the occurrence of some calculation errors while issuing MTPL insurance policies, between November 18 2016 and January 19 2017. These errors affected a small number of clients and were corrected in no time. In order to cash back the corresponding amounts, the clients in those situations will […]
Syros Volleyball Club signed a partnership contract for this ...
In order to better inform the public, we attach below the document containing the table with the list of authorities investigations that targeted Societatea de Asigurare-Reasigurare City Insurance S.A.
By Decision no. 901/18.04.2016 , The Financial Supervisory Authority has ordered the initiation of the financial recovery procedure, by plan, of Societatea de Asigurare-Reasigurare City Insurance S.A. In order to adopt this measure, the Financial Supervisory Authority invokes the provisions of Art. 7, Par. a, of law no. 503.2004. In order to correctly inform our […]
Regarding the information released during the News Room show on 03.02.2016, 16:30 hours, on Realitatea TV, entitled: ‘source, City Insurance has been taken over by the state’, we wish to specify the following: This news has no real background. Societatea de Asigurare-Reasigurare City Insurance S.A. performs its activity in compliance with the legal provisions and […]
Societatea de Asigurare-Reasigurare City Insurance S.A. – the main sponsor of Romania’s Champions, Fotbal Club Steaua Bucuresti, will show the public and the supporters in Iasi the three trophies that the team won during the 2014-2015 season. Friday, June the 19th, 2015, the fans of Romania’s champion are invited to Iulius Mall Iasi, where they […]