Sources in the local insurance industry say that Astra will register losses on certain business segments, with bancassurance, large client, and leasing divisions most affected.
The entire bancassurance division team and part of the Astra-Uniqa leasing division team migrated to Unita, which recently became part of the portfolio of the Uniqa group.
Astra-Uniqa’s main goals announced in the summer of 2007 included developing its portfolio, especially life insurance products, its partnership with the Raiffeisen Group and other lenders, new sales channels, and continuing its territorial expansion.
Uniqa officials, and the General Manager of Astra-Uniqa, Radu Mustatea declined to comment on how the Austrian group’s decision will affect the insurer.
