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News from Members Colonnade Insurance Romania starts 2023 with a new General Manager

Colonnade Insurance Romania starts 2023 with a new General Manager

by Colonnade Insurance January 18, 2023

Georgiana Popescu is the new General Manager of the Romanian branch of Colonnade Insurance S.A., a Luxembourg based non-life Insurance company, fully owned by Fairfax Financial Holdings Limited from Canada.

Georgiana brings profound knowledge and professional experience from more than 20 years in renown insurance companies, among which are Generali Romania and Asirom – Vienna Insurance Group. She is recognized by the insurance professionals and counterparts as being very devoted to the needs of customers, insurance intermediaries and employees and very open to the innovation.

“I am eager to join Colonnade’s unique team and contribute to their approach to empower people to upgrade insurance business and transform it so that we can help  our clients and intermediaries as closest as possible to their expectations in today’s challenging times.”, said Georgiana when she was warmly welcomed by Venislav Yotov, who run the entity for many years.

Colonnade Insurance manifests great appreciation to Venislav for being the leader, supporter and mentor of the team through memorable achievements, company’s growth and prosperity.

About Colonnade

Colonnade Insurance S.A. Luxembourg is licensed to underwrite 17 of the 18 statutory classes of non-life Insurance (except Class 10 – Motor Vehicle Liability). The licenses are extended to Freedom of Services for all EU member states. Colonnade operates also through its branches in Bulgaria, the Czech Republic, Hungary, Romania, Poland, Slovakia and a subsidiary in Ukraine, offering insurance products for consumer and corporate clients.  The company currently maintains and forecasts the maintenance of a strong solvency ratio, well above the required levels and have an A - (excellent) for financial strength rating for three years, affirmed by the international rating agency A.M. Best.

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