Dr. Christopher LOHMANN: Gothaer Group is not conducting negotiations on selling its Romanian unit

For the last years, Gothaer Group's Romanian subsidiary, Gothaer Asigurari Reasigurari, recorded sound growth numbers. 2017 meant a two-digit y-o-y growth (21.7%) in GWP, up to more than RON 119 million (EUR 26 million), a result that confirms solid development.

The y-o-y growth is just an indicator to prove that the local business is on the right track, following its long-term strategy and plans. And the Gothaer Group showing its full support in this respect and states that it is not conducting any negotiations regarding a sale of the local subsidiary.

"The business of Gothaer in Romania follows an ascending trend, which we are happy to witness, and shows that our plans are sustainable, and that all the investments we have made over the years in this company would eventually return the results we envisaged when we made the decision to enter the Romanian market", declared Dr. Christopher LOHMANN, CEO Gothaer Allgemeine AG and Chairman of the Board of Directors of Gothaer Asigurari Reasigurari.

"We look confidently into the future, supplying full support from the Gothaer Group for a continued healthy growth on the Romanian insurance market. Professionalism, flexibility, innovation and a customer-centred approach are the keywords of Gothaer brand, and pillars of its mission on the local insurance market," Dr. Christopher LOHMANN added.

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

Share |

Related articles

Five new XPRIMM insurance reports to be launched in Baden Baden

Five new titles will be available this year on the XPRIMM Baden-Baden press stands opened in the Kurhaus Casino and in Baden Baden main locations, presenting the latest statistical data and comprehensive analysis for the CEE, SEE and CIS insurance markets.

2018-10-11

ON THE MOVE

Public insurers appoint Achim Bosch to reinsurer board

The supervisory bodies of Deutsche Ruckversicherung AG and the Association of German Public Insurers decided today, to appoint Achim Bosch (53) to the executive board of the two reinsurers, where he will be responsible for non-life reinsurance.

11.10.2018

TOP EVENT

Five new XPRIMM insurance reports to be launched in Baden Baden

Five new titles will be available this year on the XPRIMM Baden-Baden press stands opened in the Kurhaus Casino and in Baden Baden main locations, presenting the latest statistical data and comprehensive analysis for the CEE, SEE and CIS insurance markets.

11.10.2018

Croatian Insurance Days 2018 - Registration opened online

The 2018 edition of the "Croatian Insurance Days" will be held in Opatija, Croatia, on November 7-9, 2018. Organized by the Croatian Insurance Bureau, with the support of the Croatian Ministry of Finance, the conference will have, as usual, a rich and very informative program, also providing for extended networking opportunities.

11.10.2018

ICAR Forum 2018: Main conclusions

The 15th edition of ICAR - The International Catastrophic Risks Forum, taking place in Bucharest, Romania, on 9 October, touches issues of paramount concern.

09.10.2018

The 10th International Istanbul Insurance Conference started today

In emerging markets like Turkey, there can be a significant difference between insured and total insurable losses.
Focusing on closing the protection gap, the 10th International Istanbul Insurance Conference gathers in Istanbul, between the 4th and the 5th of October 2018, well-known speakers from Turkish and the global insurance & reinsurance markets.

04.10.2018

See all