Romania’s mandatory household insurance pool, PAID, is entering a new phase of consolidation after the Financial Supervisory Authority (ASF) approved the entry of two investment companies — Infinity Capital Investments and Gravity Capital Investments — into its shareholder structure.

Together, the two firms will control 26% of PAID’s share capital and voting rights, a block of shares previously held by bankrupt insurers such as ASTRA, CARPATICA, and CERTASIG. Infinity Capital will hold 15%, while Gravity Capital will own 11%, according to ASF decisions issued on September 9.

The move strengthens PAID’s ownership base and paves the way for the final redistribution of another 5.5% stake still tied up in liquidation proceedings.

“This change is a natural step in consolidating PAID and helps us stay true to our mission: providing households with financial protection against natural disasters,” said Nicoleta Radu, CEO of PAID Romania.

For the two newcomers, the deal signals confidence in PAID’s role as a cornerstone of resilience in Romania’s financial system. “This investment confirms our trust in PAID’s essential mission — safeguarding homes and strengthening financial stability nationwide,” representatives of Infinity Capital and Gravity Capital noted.

PAID’s shareholder roster now includes Allianz-Țiriac, Generali, Groupama, UNIQA, Grawe România, ABC Insurance, Infinity Capital, and Gravity Capital. Euroins România remains listed but its shares are in liquidation following bankruptcy.

About PAID
Established in 2009 under Law 260/2008, PAID manages Romania’s system of mandatory household insurance, which covers three major natural perils: earthquakes, floods, and landslides. It is a privately held insurance-reinsurance company, owned by a consortium of insurers.