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Romanian authority withdraws authorisation for City Insurance SA

24/09/2021

On 17 September 2021, the Romanian Financial Supervisory Authority (FSA) rejected the short-term financing and redress plan of City Insurance SA, leading to the withdrawal of the insurer’s authorisation. The FSA further found that City Insurance is insolvent...

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Authors

Portrait ofCristina Popescu
Cristina Popescu
Partner
Bucharest