Shareholding structure fully consolidated
OMNIASIG Vienna Insurance Group has acquired a 5.5% stake in the Pool-ul de Asigurare Împotriva Dezastrelor Naturale (PAID Romania), according to a company statement cited by Agerpres.
The transaction consolidates PAID’s shareholder structure, bringing together insurers affiliated with all major international insurance groups active in Romania. Following the redistribution, the capital no longer includes shares held by entities in bankruptcy proceedings.
“The registration of Omniasig as a PAID shareholder reflects the maturity and cohesion of Romania’s insurance industry (…). This step strengthens our response capacity and sends a clear signal to both the market and policyholders,” said Nicoleta Radu, CEO of PAID Romania.
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Francois Coste, Chairman of PAID, noted that Omniasig’s entry enhances credibility through the backing of Vienna Insurance Group (VIG).
Mihai Tecău, President of Omniasig’s Management Board, stated that the move reflects a shared responsibility to support the national disaster protection framework.
PAID administers Romania’s mandatory home insurance system, covering three key natural risks: earthquakes, floods and landslides, under Law no. 260/2008.
Photo: freepik.com
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