history

History

  • 2003 – CertAsig was founded following the merger of Fortuna SA and Romanian-Canadian Insurance Company, Aroca
  • December 2007 – Royalton Capital Investors II (RCI II) acquires 95% stake in CertAsig, RCI II is a private equity fund focused on investments within new European Union member states in Central and Eastern Europe
  • October 2008 – January 2009 – Territorial extension including 3 new branches strategically located in major Romanian cities: Constanta, Timisoara and Cluj
  • January 2010 – James Grindley was appointed Chief Executive Officer of CertAsig, previously holding the position of Deputy General Manager
  • 2011 – CertAsig increases its total Gross Written Premiums to EUR 6.9 million but reduces its motor CASCO exposure to below 10% of whole portfolio
  • 2011 – CertAsig confirms its position as a corporate insurer and announces that more than 90% of total Gross Written Premiums originate from broker partners in Romania and Turkey
  • July 2012 – CertAsig pays the largest claim of the year in the Romanian market, with the value of EUR 2,95 million
  • May 2012 – CertAsig opens a representative office in Istanbul to liaise with local Turkish broker partners and to support local marine and general aviation clients
  • 2012 – In a stagnant market, CertAsig grows its top-line by 44% to achieve total Gross Written Premiums of EUR 10 million for Romania and Turkey combined
  • January 2013 – CertAsig was the first Romanian Insurance company approved to offer P&l Insurance by the Turkish Ministry of Transportation, Maritime Affairs and Communications
  • January 2013 – Mihaela Cojocaru was appointed Deputy General Manager, previously holding the position of Chief Underwriter Officer
  • March 2013 – Awarded with “Special Prize for Stability and Tradition” by Media XPRIMM, receiving the recognition of its efforts and achievements for 10 years of activity
  • April 2013 – CertAsig opens an office in Sofia to offer property&casualty, bonds, marine and general aviation products through brokers
  • April 2013 – CertAsig positions itself as a regional Black Sea insurer active in Romania, Bulgaria and Turkey employing 52 insurance professionals dedicated to developing solid broker and client relationships
  • May 2013 – CertAsig proudly celebrates its 10th anniversary with a number of broker market events
  • 2013 – CertAsig reaches 12 million Euros and achieves a 21% growth in Gross Written Premiums in 2013, generating substantial growth for the 4th consecutive year
  • July 2014 – Independent insurer CertAsig grows underwritten premiums in key industries : 45% growth in the construction industry and 78% growth in the transportation & logistics industry
  • November 2014 – CertAsig reports a solid, more profitable book of business in Turkey
  • December 2014 – CertAsig Insurance Company’s new branch is authorised by the Financial Supervision Commission in Bulgaria and Romania
  • December 2014 – CertAsig awarded for the Quality and efficiency of services by UNSICAR

Petitions/complaints lodged against the company CERTASIG SA and lodget with the Financial Supervisory Authority last 3 months are total of 2 (two). Their structure can be found by visiting the dedicated page here

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