VIG could enter PAID
"The decision regarding the entrance of the companies members of VIENNA Insurance Group into PAID has not yet been taken. Considering that the legislation provides the possibility that the insurers join PAID even after its creation, I can say that there are all premises for VIG to join PAID, but I do not exclude the decision not to join the Pool", said Constantin TOMA, President of PAID, and, at the same time, President of OMNIASIG.
From the point of view of the company whose leader he still is, TOMA said, provided that the law will not be operational earlier than July 1, 2010, if OMNIASIG enters PAID, then there will be enough time to do it at a date it considers appropriate, in order to render the maximum efficiency of the company's sales force.
The Pool of Insurance Against Disasters was formed on September 23, from the shareholders of the society going to take part 13 companies, compared to 16 - the number which had been initially estimated.
ASTRA Asigurari, CLAL and GROUPAMA own the maximum share accepted by the law for the newly created pool - 15%.
The other 10 member companies have each 5.5% of the share capital of PAID, fixed at EUR 4.55 million.
Author: Andreea IONETE
on 13.10.2009
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