Romania News

ING Signs Global Contract with NetEconomy to Combat Money Laundering Activities

The Netherlands’ ING Group announced that it has signed an exclusive global contract with NetEconomy, a leader in real-time enterprise risk monitoring solutions for the finance industry, to roll-out a worldwide effort to combat money laundering and ensure compliance. “The …

NAIC President Csiszar Tells All

Insurance Journal sat down with incoming President Ernst Csiszar, South Carolina’s Insurance Commissioner, at the National Association of Insurance Commissioner’s Winter Meeting in Anaheim, Calif. Below are excerpts from that interview. The full video interview can be viewed on Insurance …

Terrorism: The Issue of the Moment at Dallas All Industry Day

“Dirty bomb” was the phrase of the day at the All Industry Day held Nov. 25 in Dallas—perhaps not so surprising, given the fact the conference was titled, “Confronting Terrorism, Not If But When.” The “I” Day, jointly sponsored by …

Csiszar Named NAIC President for 2004

During the Winter National Meeting in Anaheim, members of the National Association of Insurance Commissioners (NAIC) elected regulators from South Carolina, North Dakota and Oregon to serve as the association’s 2004 officers. South Carolina Insurance Director Ernst Csiszar, current NAIC …

Allianz-Tiriac Wins Romanian Awards

Three Romanian economic magazines, “Financial Market”, “PRIMM” and “Bucharest Business Week,” have given Allianz’ Romanian oerations, Allianz Tiriac, their awards as the best local operating insurer of the year 2002. The awards were in recognition of the “the rapid growth …

Csiszar Reappointed as S. C. Director of Insurance

Governor-Elect Mark Sanford reappointed Ernst N. Csiszar as the South Carolina Director of Insurance. Csiszar was originally appointed as the Director of Insurance in 1999 under Governor Hodges’ Administration. Over the past four years as Director of Insurance, Csiszar has …

New Swiss Re sigma Study: Insurance Industry in Central and Eastern Europe — Current Trends and Pro

The latest sigma study from Swiss Re provides a detailed overview of Central and Eastern European insurance markets with an analysis of the latest developments in life and non-life insurance in 27 countries, including the CIS, and on progress among …

Allianz May Acquire Stake in Czech Insurer

Germany’s Allianz is in talks with the Czech government concerning the acquisition of its 30 percent holding in the country’s biggest insurance group, Ceska Pojistovna. The move would further strengthen Allianz’ rapidly growing operations in Eastern Europe. CP has 43 …

Allianz Acquires Majority Interest in Romania’s Tiriac Insurance

Ion Tiriac, the Romanian, who first gained fame as a world class tennis player, has gone on to much bigger things. He’s become Romania’s most successful entrepreneur, and capped the rise of his business empire last week with the announcement …

River Danube Poisoned by Cyanide

At the end of January, a breach in a retention dam at the Aural gold mine site in Baia Mare released more than 3.5 million cubic feet of highly toxic cyanide into the Tisza River, a tributary of the Danube. …