Omniasig S.A.
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| Omniasig S.A. | |
 |
|
| Type | Public company |
|---|---|
| Founded | 1994 |
| Headquarters | Bucharest, Romania |
| Key people | Constantin Toma CEO, Chairman |
| Industry | Insurance |
| Products | Insurace Services, Financial Services homepage = http://www.Omniasig.ro |
| Revenue |  $84.55 million (2004) |
| Employees | 3,500 (2005) |
OMNIASIG S.A. - solid insurance group,
number 3 in the Insurance Market,
number 3 in the General Insurance market,
number 4 in the Life Insurance market,
number 1 in Health Insurance market,
number 10 in Asset Management Market,
OMNIASIG Insurance-Reinsurance Company S.A.:
OMNIASIG Life Insurance S.A.
OMNIASIG ADDENDA S.A.,
OMNIASIG - Agi S.A.,
OMNIASIG - Asirag S.A.,
S.A.I. Sira S.A.,
from its very emergence on the market earned the image of a solid, trustful player, with a strong, stable financial basis, which benefits from the support, know-how and expertise of a renowned shareholding. The shareholding structure of OMNIASIG Insurance-Reinsurance Company is the following: TBIH Financial Services Group NV – in the capacity of majority shareholder, and Romanian Commercial Bank Group, as a significant shareholder.
Contents |
[edit] Values
[edit] Purposes
[edit] Mission statement
- Enhancing our position as a top insurer
- Developing and providing a broad range of quality products and services, tailored to suit the needs of the local market
- Long term consolidating the presence on the Romanian market, due to the flexibility to the changes of the economic and social conditions, as well as due to the innovative solutions, built on the foundation of a solid tradition
- Delivering high-quality services to our customers, due to the network of agents and intermediaries (brokers) selected by the company
- Placing the customer in the center of our thinking and concerns, and providing solutions adjusted to customer's needs and desires
- Observing the principle of caution in administrating the funds of the company, as a major responsibility towards our customers and shareholders
- Utilising the latest proven technology in the insurance field (storage, data processing);
- Recruiting and developing our staff to the highest standards, motivating and encouraging them to their fullest potential so that the employees should be able to make decision and to perform qualified examinations
- Providing a comfortable working environment for the employees, as well as the possibility for a permanent improvement, correlated with the better providing material incentives
- Providing a competent management, with decisions focused on the interests of the company, at the highest standards of ethics and professionalism
- Improving the financial result, in order to rise to the expectations of the shareholders
[edit] Our vision
To be recognized as a company which:
- Keeps the promises made towards customers and shareholders
- Encourages innovative ideas and performance
- Never makes compromise when it comes to its ethical principles
- Excels in permanently delivering new and proven quality products and services
- Whose success is a result of knowledge
- Puts first the interest of the customers
- Belongs to a successful insurance group
[edit] Our values
- Customer satisfaction and development of a long-term relationship with them
- Employees motivation
- Integrity
- Ethics
- Responsibility
- Professionalism
- Dedication
[edit] Shareholders
The shareholding structure of OMNIASIG Insurance-Reinsurance Company is the following:
- 70% TBIH Financial Services Group NV – in the capacity of majority shareholder
- 20% Romanian Commercial Bank S.A. - as a significant shareholder
- 10% Others
The Dutch holding TBIH Financial Services Group NV – one of the main operators of the financial markets in the Central and East Europe , is the majority shareholder of certain insurance companies and pension funds which currently operating in Bulgaria, Romania, Croatia, Slovakia, Serbia and Georgia, with plans of expansion on the markets in the Balkan area, in Russia, Ukraine
TBIH is held 70.24% by KARDAN NV (via Herfstzon NV ) and 29.76% by Mid Ocean Partners.
KARDAN NV is an investment holding company, traded both on the Euronext and on the Tel Aviv Stock Exchange. Mid Ocean Partners is the former Deutsche Bank's private equity group which was bought out by their management in 2003 (Deutsche Bank is holding 20% in the new entity.
[edit] Members of the group
- 99% Omniasig Life S.A. Bucharest
- 65% Omniasig Addenda S.A. Buchrest
- 62% Omniasig - Asirag S.A. Piesti
- 40% Omniasig - Agi S.A. Bucharest
- 70% SAI Sira S.A. Bucharest
- 2% TBI Leasing S.A. Bucharest
- 100% Autosig SRL Bucharest
[edit] Reinsurance
OMNIASIG has one of the largest and comprehensive reinsurance programmes in Romania , that due to the top reinsurers involved can offer to our clients a high level security protection.
The reinsurance contracts are built for each line of business and are conceived so as to protect both against big individual losses and series of losses arising from the same event (such as natural catastrophes: earthquakes, floods etc).
The quality of the reinsurance contract placement services, the activity of recovering the losses from participating reinsurers, as well as the corresponding consultancy are guaranteed by the renown brokers Omniasig is co-operating with, that is Marsh/ Guy Carpenter, AON Re Lt. and Willis Ltd. which are the world top three brokers/
It is important to mention the fact that using such important brokers of the international market is a proof for the high quality of the reinsurers participating to the programmes as on these brokers' underwriters list there are to be found only companies with a stability, credibility and financial strength that can not be contested and which are accordingly rated by the largest rating companies of the world. This aspect was proven lately when we have been in situation to pay losses and which we promptly settled and subsequently recovered them from reinsurers.
Due to the nature of the reinsurance contracts and to the way they are conceived and according to which optimum reinsurance costs were obtained, Omniasig is able to offer to its clients one of the most competitive prices on the market for property, cargo, civil liability, aviation, marine lines of business.
Our company proved to be a very reliable partner and therefore it was asked to play as fronting company on behalf of more and more foreign insurance companies.
Based on its financial capacity and experience gained along the 10 years of activity on the Romanian market, OMNIASIG plays an active role as reinsurer for other local insurance companies, undertaking risks that are further on protected by our own reinsurance programmes.
[edit] Reinsures rating
| GenRe | AAA | (Standard & Poor's) |
| Swiss Re | AA | (Standard & Poor's) |
| Munich Re | A + | (Standard & Poor's) |
| Hannover Re | AA - | (Standard & Poor's) |
| Transatlantic Re | AA | (Standard & Poor's) |
| Mapfre Re | AA - | (Standard & Poor's) |
| XL Re | A + | (Standard & Poor's) |
| New Re | A + | (Standard & Poor's) |
| Sirius | A - | (Standard & Poor's) |
| Lloyd's | A | (Standard & Poor's) |
[edit] Clients
[edit] Property insurance, buildings and contents
Main customers:
- Daewoo Mangalia Heavy Industries
- MOL Romania
- TAROM
- Rompetrol Grup N.V.
- International Airport Otopeni
- Daewoo Automobile Craiova
[edit] Motor insurance
Main customers:
- Volvo Finance International
- Castel Film
- Elite Romania
- R.A.T.B.
- World Trade Center Bucharest
- Romanian Post - Posta Romana
- Golden Pages - Pagini Aurii
- Auto Cobalcescu
[edit] Compulsory motor third party liability insurance
Main customers:
- Nuclearelectrica
- Rompetrol
- AzoMures
- Athenee Palace
- Topway Foods International
[edit] Personal insurance other than life insurance
Main customers
- F.C. Universitatea Craiova
- ARGUS
- Metrorex
- AMBRO
[edit] Credit & surety insurance
Main customers:
- TBI Leasing
- Luxten Lighting Company
- BCR Leasing
- Romanian Breweries Bere Prod Tuborg
- Romanian Bank
- Ana Electronics
- FINANSBANK
[edit] Marine insurance
Main Customes:
- East Point Holdings
- Navrom Drobeta-Turnu Severin
- Giurgiu NAV
- Octogon
- Romnav Braila
[edit] Transportation insurance
Main customers:
- S.N.P. Petrom
- Infopress
- Alro Slatina
- Intrarom
- Group 4 Falk Romania
[edit] Aerial insurance
Main customers:
- Aeroclub Romania
- Aero-West
- Romatsa
- Acvila
[edit] Leaders
[edit] Board of directors
- Chairman Constantin Toma
- Members of the Board
- Efraim Naimer
- Nissim Zarfati
- Hagai Harel
- Alasdair MacDougall
- Michael Hribar
- Nicolae Olteanu
- Constantin Dicu
[edit] The executive management
- General Manager Constantin Toma
- Deputy General Manager Iulian Dumitru
- Deputy General Manager Fanel Plopeanu
- Technical Department Manager Bogdan Tudor-Sfetea
- Claims Department Manager Daniel Ionita
- Reinsurance Department Manager Georgeta Crideanu
- I.T. and Statistics Department Manager Anca Stefanescu
- Human Resources and Organization Department Manager Rodica Sfetu
- Motor Insurance Department Manager Liviu Stoicescu
- Economic Department Deputy Manager Constantin Marica
- General Secretary Cornelia Radulescu
- Romana Branch Manager Catalina Bojica
- Unirea Branch Manager Raluca Dobrescu
[edit] Regional center managers
- Dumitru Nicolae Pepici
- Rodica Cernea
- Sorin Narciz Jeflea
- Ioana Albert
- Procopie Fortan
- Nina Toma
- Luminita Teju
- Matei Fagadaru
- Gheorghe Cosmulese
[edit] Contacts
[edit] Bucharest
B-dul Aviatorilor , Nr. 28,
1st District
Phone: 021-231 50 40; 231 50 41; 231 50 42; 231 50 43
Mobile: 0723 693 800; 0745 115 422; 0788 303 040
Fax: 021 231 50 29
