Romania: Astra Asigurari-Uniqa the New Brand on Local Insurance Market

30. Juni 2006, 00:00

A year after Austrian group Uniqa bought 27 per cent of Romanian insurance company Astra Asigurari , the latter...

A year after Austrian group Uniqa bought 27 per cent of Romanian insurance company Astra Asigurari, the latter is to change its name to Astra Asigurari - Uniqa.

The companys majority shareholder is Nova Trade, with 67.67 per cent of the share capital, and Uniqa Austria, with 27 per cent.

The Austrian group Uniqa paid in June 2005 some EUR 10 million for the participation in Astra.
Astra Asigurari - Uniqa aims to attain EUR 88 million in gross subscribed premiums this year and a market share of over 10 per cent.

Today, Astra Asigurari has a share capital of circa EUR 45 million.

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