According to local press the new owners of MOLDASIG are TRANS-GROUP (15%); ICSSV-INCOLECT (16%); ICS STOCK-TRADING (13%); ICS SEMGROUP-SYSTEMS (16%); PROLINA-PRIM (17%). Also among MOLDASIG shareholders remains the Financial Bank (10.2%), the Railway of Moldova (5%) and Moldavian Post (4.8%).
In 2008, ROSGOSSTRAKH insurance company became the owner of a 80% stake, after a capital increase by MDL 48 million through a subsidiary from Cyprus LINEKERS Investments Limited. The company wired EUR 3 million to MOLDASIG account, representing the contribution to the capital increase, reaching this way to hold 80% of the shares. As a result of this transaction the name of the company changed to I.M. Moldo-Cypriot International Insurance Company MOLDASIG.
MOLDASIG insurance company is the leader in the Moldavian insurance market and was founded in 2002 by 3 state companies: Financial bank 51%, Railway of Moldova 25% and Moldavian Post 24%. In 2011, MOLDASIG was the biggest insurer from the Republic of Moldova with a market share that reached 28%, recording business of EUR 17.3 million. Also, with MDL 60 million, MOLDASIG is the second most capitalized company in Moldova, after SIGUR-ASIGUR (MDL 67.4 million).
We remind you that in the end of October 2011, MOLDASIG expanded their activity in Romania by the acquisition of Insurance company ASITO KAPITAL.