FATA Asigurari gains profit and increases the share capital
 Company FATA Asigurari will increase its share capital with RON 7.45
million, from RON 22.36 million to RON 29.81 million. This has been
decided in the Extraordinary General Shareholders Meeting on the 7th of
October 2008, due to a 40% underwritings raise above the level estimated for the first eight months.
The share capital increase comes along with FATA Asigurari's activity development, which achieved a RON 32.58 million gross written premiums volume in the first eight months, more than the company's registered in the whole year 2007.
Also, FATA Asigurari had begun to gain profit at the end of June 2008, as it was targeted in the strategic plan, the company's press release says.
"This share capital rise is going to support the territorial expansion and the insurance products scale enlargement, while the company's goal is to mentain the agricultural insurance market leader position and also a balance within non-agricultural insurance portfolio", FATA Asigurari representatives have stated.
Author: Andreea IONETE
on 13.10.2008
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