Insurer pays out EUR 1.8 mln insurance claim to Romanian meat producer for burned down unit

Romanian insurer Allianz-Tiriac Asigurari has paid a EUR 1.8 million insurance claim to Romanian meat processing company Doly-Com, after a fire damaged the producer's warehouse in Bucharest. This is one of the highest claims paid by an insurer to a company in Romania in recent years, according to Allianz-Tiriac. The payment covered the total damage, as the warehouse was almost entirely destroyed, together with its products, in June this year. According to the insurer, the payment was made under a short timeline. Allianz-Tiriac Asigurari ended the first half of this year with an operational profit of some EUR 2 million (RON 8.8 million), up 22.5 percent, while its net profit amounted to EUR 1.6 million (RON 7.2 million) Doly – Com, owned by Romanian businessman Iulian Căzăcuţ, ended 2012 with a turnover of EUR 33 million and hopes to achieve EUR 35 million this year. In both its factories, it employs 300 people. The company sells its grill meat products under the brand Kravys. Exports to Austria, France, the Netherlands, Italy, Sweden, Germany and countries outside the European Union brought the company 30 percent of its turnover last year. Beef was half of Doly-Com's sales in 2012, pork, 45 percent, and horse meat, only 5 percent. editor@romania-insider.com