Major Transaction on the Insurance Market. Allianz-Tiriac May Take over the Champion Broker, but Under Certain Conditions - HotNews.ro
4 Articles
4 Articles
The Competition Council has identified the risk that, after taking over the Insurance and Reinsurance Broker Champion, Allianz-Tiriac may have access, through the broker, to sensitive commercial information from competing insurance companies cooperating with it. Therefore, the Competition Council has authorised, with the imposition of certain conditions, the transaction through which Allianz-Tiriac Insurance intends to take over the Insurance Br…
The Competition Council has authorised, with the imposition of conditions, the transaction whereby Allianz-Tiriac Insurance intends to take over the Insurance and Reinsurance Broker Champion. The approval comes after the authority has identified a possible competitive risk related to access to sensitive business information. According to the Competition Council, after taking over, Allianz-Tiriac could have access, through Campion Broker, to data…
The Competition Council has given the final agreement for the takeover of the Champion Broker, the top 10 insurance intermediary, by Allianz Tiriac, a company founded by Ion Tiriac and the second largest player in the insurance market. However, the Competition Agreement comes with great conditionality, given the anticompetitive risks involved as shareholder of a single insurance company to a broker who sells policies to all insurers in Romania, …
The Competition Council has authorized, subject to conditions, the transaction whereby Allianz-Tiriac Insurance intends to take over the Insurance and Reinsurance Broker Champion. Economy has already reported information on sources on Friday, 9 October. According to the Competition Authority, the information concerned may include the level of insurance premiums, commercial conditions, sales strategies and brokering commissions. To eliminate thes…
Coverage Details
Bias Distribution
- 100% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
