CertAsig strengthens its capital through an investment of the Italian company ABC Assevera

Press Release

Bucharest, December 10th 2019

 

CertAsig strengthens its capital

through an investment of the Italian company ABC Assevera

 CertAsig announces an agreement with a new strategic partner – ABC Assevera S.p.A., an Italian financial company, that will make a substantial new investment in the company.

“CertAsig is well known for being a dynamic, flexible company. This new partnership allows us to reinforce our company`s position in its markets, pursue new growth opportunities and consolidate its reputation for innovative solutions offered to its clients and partners”, the company`s representatives declare.

As a result of this new investment, CertAsig’s available capital will be more than double the level required under international Solvency II standards. The transaction is subject to approval from the Romanian insurance regulator ASF.

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About CertAsig

Established in 2003, CertAsig focuses on offering insurance products to the corporate sector through a network of broker partners in Romania, as well as in Bulgaria. CertAsig was one of the first to develop bound insurance in Romania and in Bulgaria and is a leader in innovative insurance solutions including cyber and drone insurance. In 2018, it registered Gross Written Premiums of EUR 12.4 million.

About ABC Assevera S.p.A.

ABC Assevera S.p.A. is a Rome based investment company with paid capital of EUR 20 million.  It provides investment services and specialist solutions to a wide range of clients.

 

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