site.btaBulgarian Financial Regulator Says Delicensing of Euroins Romania Won't Affect Bulgarian Clients of Euroins Insurance Group

Fitch Ratings has affirmed Eurohold Bulgaria AD's Long Term Issuer Default Rating (IDR) at "B" and removed the company from Rating Watch Negative (RWN). The outlook is stable, the international rating agency said in a press release. The removal from

Sofia-headquartered insurance company Eurohold asked on Tuesday that its subsidiary Euroins Romania be given back its license after Romania's Financial Supervisory Authority (ASF) delicensed it and decided to launch a bankruptcy procedure against it

Interviewed on Bulgarian National Television (BNT) Saturday evening, Asen Christov, Chair of the Supervisory Board of Eurohold Bulgaria, said that a Bulgarian company has been under the attack of officials of the Romanian financial regulator and

The attack on Euroins Romania escalated in the last two weeks when a massive negative campaign was organized through media, some politicians and some Insurance department officials of ASF. It includes actions and measures that are in blatant violation not only of the national, but also of the European legislation. The shareholders of the holding believe that there is a purposeful campaign that aims to destabilize the Romanian insurance and financial market, as well as the company itself as a leader in this market. Eurohold has also alerted the European Insurance and Occupational Pensions Authority (EIOPA) and other European authorities of these actions.