The Romanian Financial Supervision Authority announces reorganisation of an insurance company

On 18 February 2014, the Romanian Financial Supervision Authority announced that it has issued Decision no. 42/18.02.2014 regarding the opening of the financial recovery procedure through special administration for the insurance company Societatea Asigurare-Reasigurare ASTRA S.A.

The Romanian Financial Supervision Authority has announced the decision on the basis of the Directive on the reorganization and winding up of insurance undertakings.

This public notice by the Finnish Financial Supervisory Authority is based on section 15a of the Act on Foreign Insurance Companies (398/1995), as amended by Act 525/2008.