Clarification of competences of the Guarantee Fund with respect to Certasig insurer

Bucharest – February 24 2020. Policyholders Guarantee Fund took notice of the Financial Supervisory Authority’s public release regarding the withdrawal of the functioning authorization and initiation of legal measures for promotion of the request for commencing the winding up procedures against Certasig – Insurance Reinsurance S.A.

Following the publishing of the Financial Supervisory Authority’s decision in the Official Journal of Romania, the Guarantee Fund shall comply with the provisions of the decision, as well as with applicable legal framework.

Topic is subject to updates, considering the provisions of the Financial Supervisory Authority’s decision.

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