Royalton Partners took over 95 percent of Certasig stock

" has the lowest ratio of insurance in GDP in the European Union, 2.35 percent, compared to the 5.7 percent EU average. We believe the Romanian market is, from this point of view, an opportunity", said Royalton Partners Managing Partner, Nigel P. Williams.

The Swiss company worked with business advisory company KPMG and Tuca, Zbarcea and Associates law firm.

Insurance company Certasig was created after two companies in the field, Fortuna and Aroca, merged in 2003. Two years later the company transferred the controlling interest to Spanish businessman Abril Canadell Montserrat.