Romania's insurers receive capital boosts worth EUR 64 mln

Romania’s insurance companies received almost EUR 64 million fresh capital from their shareholders in the first seven months of the year, down by 20% year-on-year. Insurer Uniqa Asigurari recorded the largest capital injection, which reached EUR 25.2 million. The shareholders of the insurance company Euroins Romania contributed EUR 21 million to the firm’s capital in May whereas Axa Life Insurance increased its capital by almost EUR 6 million in April, reports local Agerpres. Asirom Vienna Insurance Group received a capital boost of EUR 4.4 million in April, while Gothaer Asigurari got almost EUR 4 million in July. The shareholders of Asito Kapital contributed by EUR 1.1 million to the company’s capital. Carpatica Asig, Euroins and EximAsig are the local insurers that still need to get new capital from shareholders, as they recently failed the stress tests organized by the Financial Supervisory Authority (ASF). EximAsig announced on September 9 that it would get some EUR 4.5 million from its shareholders. Carpatica Asig and Euroins have also promised to make new capital increases. editor@romania-insider.com