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Author:
Anelis Baciu
Allianz-Ţiriac regained its position as the leader in the local insurance market early this year, when City Insurance, the largest player in the automobile insurance market (RCA) 19659003] Allianz -Tiriac, a company owned by the German group Allianz and businessman Ion Iriac, has sold for 348 million lei life and life insurance during the first three months of the year. year, up about 3%. On the other hand, City Insurance sales reached 317 million lei, down about 11% from the same period last year. Unlike Allianz, City Insurance is active only in the general insurance market.
Allianz was last year the most profitable insurance company at the local level. German group Allianz holds control of Allianz-Tiriac, while Ion businessman Tiriac holds a 44.5% stake that he can sell at any time.
In recent years, Tiriac has sold off his holdings and has held companies in which he was associated with foreign investors. In 2015, Tiriac sold 45% of shares of UniCredit Bank and in 2015, it also pulled out of the Metro distributor shareholder, the Allianz-Tiriac insurer being the only transaction that was made. he holds a partnership with a foreign group
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Article published in the print edition of Ziarul Financiar of 10.07.2018
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