Press Release

July 20 2022, last day during which the insurance creditors of Societatea de Asigurare Reasigurare City Insurance S.A. can still submit payment requests to the Policyholders Guarantee Fund (FGA)

Bucharest July 20 2022 – The deadline for submission of payment requests by potential insurance creditors of Societatea de Asigurare Reasigurare City Insurance S.A – in bankruptcy, whose right of claim has arisen prior to the date the Court decision for commencement of winding-up procedure has remained final, respectively prior to April 20 2022, is […]
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The bankruptcy of Insurance – Reinsurance City Insurance S.A. company, final through Court decision. The deadline for submission  of payment requests to the Policyholders Guarantee Fund, 20th of July 2022.

Bucharest 6th of May 2022. The Policyholders Guarantee Fund (FGA) took note of the Court decision by which the decision for commencement of the winding-up procedure against Insurance – Reinsurance City Insurance S.A. company has remained final on 20th of April 2022. As such, the timeframe for the deadline up until which insurance creditors of […]
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Bankruptcy proceedings against City Insurance SA, opened in Court

The bankruptcy procedure against City Insurance SA was opened in Court, on February 9, 2022. The Decision of the Court from the date 09.02.2022 is not final. The opening of the Bankruptcy proceedings has its effects both within the Bankruptcy procedure of the insurance company and regarding the development of the activity of the Policyholders […]
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FGA receives payment requests from insurance creditors of City Insurance

Bucharest – September 28 2021 The Policyholders Guarantee Fund took notice of the publication of Financial Supervisory Authority’s Decision no. 1148/17.09.2021 in the Official Journal of Romania, by which the functioning authorization of City Insurance S.A. was withdrawn and the insolvency ascertained. The Financial Supervisory Authority will take steps to request to Courts of law […]
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Clarification regarding the denouncement procedure for insurance contracts concluded with City Insurance SA

Bucharest – 24 September 2021  Insurance contracts concluded with City Insurance SA remain valid until their expiry, unless one of the following situations: Holder of insurance policy denounces the insurance contract The legal term of 90 days from the date the pronouncement of the Court decision for commencement of winding-up procedures is fulfilled, from which […]
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FGA can receive requests for opening claim files from potential insurance creditors of City Insurance S.A

Bucharest – September 20 2021 The Policyholders Guarantee Fund (FGA) took notice of the Decision of the Financial Supervisory Authority (ASF), by which the functioning authorization of City Insurance S.A. was withdrawn and the insolvency was ascertained. The Financial Supervisory Authority will submit to the Courts of law the request for commencing the winding-up proceedings […]
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The list of potential insurance creditors of Certasig S.A. – in winding-up, has been published

Bucharest – 24th of February 2021 The Policyholders Guarantee Fund (FGA) has published, pursuant of legal obligations, the List of insurance creditors whose claims resulted from the records submitted by insurer/reinsurer Certasig S.A. – in winding-up. The List was published on website of FGA, at https://www.fgaromania.ro/en/insurance-creditor-list-certasig-sa/ The publishing of the List was done prusuant to […]
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FGA, payments in excess of 913 million Lei, until December 31 2020

Bucharest – January 21 2021, Policyholders Guarantee Fund (FGA) has effected, last year, payments in excess of 123.000 thousands lei. With this, the total payments effected by the Fund in the last 5 years amounts to 913.000 thousands lei. Payments were effected for 104.681 payment requests endorsed by the Special Commission of the Fund, for […]
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Fondul de Garantare a Asiguraților

s-a constituit ca persoană juridică de drept public conform Legii nr. 213/2015 privind Fondul de Garantare a Asiguraților

București, Romania