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Romania: Gothaer Asigurari Reasigurari renamed into Allianz-Tiriac Unit Asigurari

As of March 25, 2022, Romanian insurer Gothaer Asigurari Reasigurari changed its name to Allianz-Tiriac Unit Asigurari, informed www.1asig.ro. The change takes place in the conditions in which Gothaer Asigurari Reasigurari was taken over by Allianz-Tiriac Asigurari, the Romanian subsidiary of the German insurance group Allianz.

In December 2020, Allianz-Tiriac Asigurari and Gothaer Group have announced the signing of a purchase agreement regarding the takeover of Gothaer Asigurari Reasigurari, this being the first acquisition of an insurance company made by Allianz-Tiriac after more than 25 years of organic growth.

In May 2021, the Competition Council of Romania has authorized the transaction through which ALLIANZ-TIRIAC Asigurari takes over the company GOTHAER Asigurari Reasigurari.

In December 2021, Romanian FSA (Financial Supervisory Authority) announced that the FSA Board decided to approve Allianz-Tiriac Asigurari as main direct shareholder of Gothaer Asigurari Reasigurari.
At the same time, FSA approved Virgil-Vasile SONCUTEAN as non-executive member and Chairman, as well as of Adriana- Mihaela MATACHE and Aurel BADEA as non-executive members of the Board of Directors of Gothaer Asigurari Reasigurari.

Author: Andrei Victor on 30.03.2022

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