Constantin TOMA leaves OMNIASIG VIG
Constantin TOMA, one of the most powerful men in insurance, could leave this year OMNIASIG, the second player on the profile market.
"VIENNA Insurance Group is negotiating right now with Constantin TOMA, President Directorate of OMNIASIG, to finalize the mandate by the end of this year", Alexander JEDLICKA, Corporate Communications CEE of VIG, said for XPRIMM Newsletters.
Although information in this direction has circulated since early this month, the shock movement that gave credibility to rumors was the election of TOMA, as a representative of CLAL Asigurari, as Chairman of PAID - the Pool of Insurance Against Disasters. According to market sources, the company CLAL is controlled by Constantin TOMA, its leadership being exercised by Efraim NAIMER, former Vicepresident of OMNIASIG and Director of Development of the Israeli group TBI Financial Services (former shareholder of OMNIASIG).
Constantin TOMA has one of the most respected managerial positions in the Romanian insurance market, and is also one of the few leaders who broke into a top position coming from outside the industry. TOMA managed to bring OMNIASIG, since the debut of the activity, with one branch and 12 employees, to the current status, when the company is recognized as one of the major players. During this process, the company leader stated himself as the most "aggressive" manager in the modern history of the Romanian insurance, its policy of mergers and acquisitions representing a new managerial culture of the industry.
Graduate of the School of Officers Nicholas Balcescu, Specialization Finance, the class of 1983, leader of the group OMNIASIG, worked first in the Autonomous Administration ROMAVIA, where he held the position of Chief Accountant, then becoming CEO of the company TORA MOTOR Ltd., a familiar name in the field of industrial equipment. In 1995, he made his entrance in the insurance industry, along with the establishment of the insurance-reinsurance company OMNIASIG, whose leader was from the start.
- Established in 1995, amid a hostile economic environment, OMNIASIG manages to survive the collapse of BANCOREX, its former main shareholder
- In 1999, OMNIASIG is sold to the Israeli investment fund TBIH
- During 2000-2004, OMNIASIG lead an aggressive policy of acquisitions, taking over AGRAS, AGI and ASIRAG, at the same time by establishing two companies specialized in life and health insurance - OMNIASIG Life and OMNIASIG Addenda
- In 2005, by a surprise deal at that time, the Austrian group VIG (note: WIENER STAEDTISCHE at that time), purchases OMNIASIG and companies owned by it
- OMNIASIG has over 1,800 employees with activity in 273 branches, agencies and working points spread throughout the country
- In 2008, OMNIASIG had a turnover of EUR 321 million and a profit of EUR 45 million
- In 2009, OMNIASIG was named "Company of the Year" at the Insurance Market Awards Gala, presented by PRIMM Magazine
Author: Octavian CONSTANTIN
on 09.10.2009
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