The operation by which the European Bank for Reconstruction and Development (EBRD) becomes a shareholder of Euroins was approved by the ASF, according to Profit.ro. In 2021, the EBRD signed an agreement to acquire a minority stake in Euroins Insurance Group, one of the largest independent non-life insurance groups in Central, Eastern and South-Eastern Europe. The EBRD is investing EUR 30 million through a new capital increase, while Еurohold, the parent company of the insurance group, is providing an additional capital injection of EUR 12 million.

The EBRD is also working with the ASF to develop new regulations for the management of compensation claims.

The funds will be used for the development and growth of the largest entity within the group, Euroins Romania Asigurare Reasigurare. The funding will also support the group’s operations and growth in Georgia, Greece, North Macedonia, Poland and Ukraine.