Maria Rangelova, approved by ASF as Deputy CEO at CertAsig

ASF confirmed on 14th March, 2018 Maria’s approval as Deputy CEO at CertAsigMaria Rangelova.

This is excellent news for CertAsig and we all congratulate Maria! – says James Grindley, CEO CertAsig. Maria has more than 20 years of re/insurance experience in CEE and has done a fantastic job to grow our Bulgarian business in recent years. In 2017 Bulgaria significantly contributed to CertAsig’s growths. 2018 has also started strongly. Maria has done this by building a strong underwriting team around her in Sofia and following a careful broker-focused strategy targeting liability, property, engineering and bonds. As you know the bond insurance market only started in Bulgaria a few years ago (partially initiated by CertAsig) and we are already the market leader.

As Deputy CEO Maria will continue to be heavily involved in the Bulgarian business but will travel more frequently to Romania and Czech as she will oversee underwriting and broker management for property, engineering and liability classes.

I am proud and very pleased to have 2 excellent deputy CEOs alongside me to run the business! – says James Grindley, referring to Cristian Daianu’s recent ASF approval as well.

James Grindley took the opportunity to thank all of CertAsig’s 96 colleagues for their continued hard work and dedication to the business. 2017 was a challenging year for the whole insurance market, including CertAsig. However, 2018 already promises to be a much better year and even the first few months at CertAsig saw some decent growth in underwriting compared to Q1 2017. Some of our new products such as cyber insurance and custom bonds are also key to the development. Management still views the dominant motor market as loss-making and one to be strategically avoided!

Congratulations again Maria!

In response Maria Rangelova declared:

“It is so rewarding to work in such supportive and encouraging environment as in CertAsig! I am so thankful to the Board and Management and personally to James Grindley that makes this all happen! Bulgaria started as green field operation and now is one of the key provider on local market for innovative insurance solutions and niche products. I am so excited for new challenges and opportunities to work close with excellent UW teams we have in Prague and Bucharest!”

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