Signal Iduna to acquire Romanian operations of Ergo Group.

Signal Iduna, a company which offers insurance and financial services, agreed to acquire Romanian operations of Ergo Group, an insurance company. Financial terms were not disclose. “At a time when the concept of insurance is increasingly present among the interests of Romanians, we continue to diversify our business segments, as to offer solutions for a wide variety of needs. Being part of a group with over 110 years of experience in the insurance field, which has added value to our business, taking over the portfolios of the two companies naturally complements our already existing range of services. This represents a reconfirmation of the results we recorded and of our commitment to the development of the Romanian insurance market. Together with the strong team we have built, we will continue the strategic development plans of the company into a digital future”, Tiberiu Maier, Signal Iduna CEO.