Mihai MAZARENCO was appointed as President of the company GARANTIE Asigurari, starting November 1st, 2011, by the decision of the company's majority shareholder, ASCOM Group. All documentation related to that decision was already submitted to the National Commission of Financial Market for approval.

"We have the objective of being again among the first 10 insurance companies in Moldova and to approach a more dynamic development strategy", said Mihai MAZARENCO for the web-portal xprimm.md.

We remind you that Mihai MAZARENCO has previously held this position in the company GARANTIE, during 1994-2007, after taking over the position of General Manager in the company EXIM-ASINT (ranked 8th by underwritings in 2010), a position held until 2011.

GARANTIE occupied the 11th place on the profile market in Moldova after the first six months of this year, with underwritings of about EUR 500,000 and a market share of 1.7%.

Read more statistics and news about the Moldavian insurance market.