SAA advises ASIROM, member of Vienna Insurance Group, on the acquisition of Aegon assets in Romania

Our legal team led by Managing Partner Silviu Stratulat and Partner Cristian Vlaicu advised Asigurarea Romaneasca – Asirom Vienna Insurance Group S.A., member of Vienna Insurance Group, a top Romanian insurance company and a well-known trusted partner on the Romanian insurance market, on all regulatory and contractual matters regarding the acquisition of the entire insurance portfolio of the Romanian branch of AEGON Towarzystwo Ubezpieczeń na Życie S.A. (Aegon Romania). 

Both the supervisory and regulation authority in Poland (KNF) as well as the Romanian financial supervisory authority (ASF) cleared the acquisition as part of the process at the beginning of this year. 

Silviu Stratulat, Managing Partner at Stratulat Albulescu Attorneys at Law, commented: "This transaction showcases our legal expertise in the insurance sector and highlights our ability to effectively advise on complex landmark transactions. We are delighted to support ASIROM's strategic growth initiatives with our tailored legal services.”

“We are proud have advised on such material project for the entire insurance market in our country and to have had the pleasure to liaise with the Romanian ASF in the process, a co-operant institution which we can only commend. Alongside the exceptional team that Asirom has on the ground, we’ve completed another layer to the road of a much-needed maturity for our national insurance market.” stated Cristian Vlaicu, Partner, Financial Services, Stratulat Albulescu.

The acquisition strengthens Asirom’s position on the Romanian insurance market and expands its general offering in the sector.

Asirom is a leading Romanian B2C and B2B insurer part of the Vienna Insurance Group, who’s portfolio ranges from corporate insurance solutions, Affinity programs, Property Insurance, Householder Insurance, Motor Insurance, Travel Insurance, Health Insurance and Life Insurance.   

In addition to Managing Partner Silviu Stratulat and Partner Cristian Vlaicu, the SAA team advising on this matter also included Managing Associate Alina Buculei.

For additional information on our involvement in this matter, please contact Delia Bijnea (Head of Marketing and Communications) at [email protected].