61B Nicolae Caramfil Street, Sector 1,
Tel: +40 (0)21 311 9404
Insurance (non-life) Background Established in 2003, CertAsig has registered a continued growth in terms of total Gross Written Premiums, achieving EUR 0.5m in 2007 increasing to EUR 13m in 2014. CertAsig’s portfolio is 35% Marine and 65% non-marine insurance classes. Shareholders Since December 2007, the company has been majority-owned by Royalton Capital Investors II, an European private equity fund focused on acquiring and developing service sector companies throughout Central and Eastern Europe. Royalton Capital Investors II L.P.’s limited liability partners include Alpha Associates, European Bank for Reconstruction and Development (EBRD) and European Investment Fund (EIF).
Management and offices CertAsig is a specialist non-life insurance company primarily selling to corporate clients through insurance brokers. Under the leadership of James Grindley, CEO and President of the Board, the company is a strong and reliable player in the Romanian, Bulgarian and Turkish insurance markets. James is supported by a team of 65 insurance professionals based in 6 offices including Bucharest, Constanta, Sofia and Istanbul. Corporate insurance products CertAsig operates in the non-life/non-motor insurance sector and offers specialist products, such as: Contractors’ All Risks (CAR), Bond Insurance, Commercial Property, Commercial Liability including General Third Party, Professional Indemnity, General Aviation, Cargo & Goods in transit, Cash in transit and safe, Electronic Equipment insurance, Marine Hull and Protection & Indemnity.