"This is the solid proof of the full support of the shareholders of the company and commitment to succeed on the Romanian market", the company announced in a press release.
With the RON 200 million capital increase, EUROINS Romania fulfills the basic capital requirement according to the new Solvency II regime, the company representatives added.
The procedures for the registration of the RON 200 million capital increase will be started after the market regulator approves the financial transaction.
EUROINS INSURANCE GROUP is one of the largest independent groups operating in the CEE and SEE insurance markets. The company is focused on providing a full range of insurance products in the areas of general, health and life insurance. Sofia-based group operates in seven European countries, has more than 7% market share in Bulgaria, Romania and Macedonia, and in 2014 initiated operations in Greece. The group has over 2 million clients, 1,400 employees and annual revenues of over EUR 250 million.
EUROINS INSURANCE GROUP is a subsidiary of EUROHOLD BULGARIA - leading Bulgarian company, listed on BSE-Sofia and WSE. EUROHOLD BULGARIA operates across the CEE and SEE, focused on non-banking financial services and asset management.