EUROBONDS - new CertAsig bond product

27 January 2012

The year 2011 was a remarkable success for Certasig’s Bond insurance segment, underwriting a total Gross Written Premium of EUR 1,2 million representing 16% of the company’s insurance portfolio.

CertAsig has now launched a new product – the Eurobond which is designed to provide cover for Romanian companies developing their businesses with European non-reimbursable funds.

CertAsig’s bond products also include Bid Bonds, Performance Bonds, Advance Payment Bonds and Maintenance Bonds.

“Our plan for 2012 is to continue to focus on specialist products that meet our clients’ needs and our new Eurobond product will definitely be considered an efficient, cost-effective solution for companies that have access to European non-reimbursable funds.” said Mihaela Cojocaru Chief Underwriter and Member of the Board.

Potential clients eligible for this Eurobond product are experienced companies with a proven track-record in their respective business fields ; we look to insure companies with effective internal control mechanisms which seek to obtain European Grants in order to grow their core business activities. The beneficiary of this type of bond is EU Commission or any other EU or EU-authorized organization.