​”I don’t want to comment on this aspect, it seems a bit biased” and “I received the proper income under the employment contract”. These are the answers given to the government on Wednesday by Valentin Ionescu, ASF’s general director of insurance, when asked whether he believes an honorable resignation will be required after ASF’s management grants performance bonuses in the context of bankruptcy. City Insurance, and now Euroins.

• “I can’t give myself a performance bonus. I received the income due under the employment contract.” Valentin Ionescu, CEO of ASF Insurance, said on Wednesdayasked if he was getting a performance bonus last year when City Insurance went bust and there were indications at Euroins that it would have the same result.

Cristian Rosu, ASF’s vice-president in charge of insurance, who was at the government meeting, also did not come down to answer questions from the media, leaving Valentin Ionescu in his place.

According to him, the ASF has taken the necessary measures and sanctions for the detected violations.

When asked by HotNews.ro if he does not believe in the resignation of the ASF management due to insufficient measures regarding the two bankruptcies, the ASF director avoided answering.

• “I don’t want to comment on this aspect, it seems somewhat tendentious to me,” Valentin Ionescu said.

ASF Director: Fines of 16 million lei in 3 years are historic / Euroins charges RCA 8 million per day

Valentin Ionescu said on Wednesday that the ASF imposed historic fines on Euroins, and HotNews.ro pointed out to him that Euroins collected 8 million per day from RCA, information contained in the ASF’s decision on Euroins sanctions, published in the Official Gazette.

• “If we find a violation, don’t we need to take action? In the case of Euroins, we had 17 inspections, resulting in 26 sanctions and historic fines, which is not a lot.
• 16 million lei in 3 years are historical fines compared to other years. I have been working in this field since 2021. In accordance with our obligations, we have imposed sanctions in accordance with the detected violations.
• If I had other suspicions, I informed the Ministry of Public Affairs and the competent authorities.” he declared.

How Euroins managed to move 855 million lei to Bulgaria under the full control of ASF

HotNews.ro asked him to explain how Euroins managed to transfer 855 million lei to Bulgaria, to the reinsurer EIG Re, while the ASF control group was in the headquarters of this insurer.

• “While the control team was at Euroins headquarters, the decision was to check all flows, this decision was brought to the attention of Euroins management, and as a result, all transfers made by Euroins were to be brought to the attention of a well-known ASF group that was at Uroins headquarters in February.
• The management of “Euroins” did not provide the necessary information to the control group, although the control group insisted. He received very little or no information.
• Later we learned about these transfers and also later about the reinsurance contract. ASF was not consulted as usual before signing this contract.
• As a result, if the audit team was at Euroins headquarters and Euroins management deliberately did not provide information to the audit team, what was the audit team supposed to do?
• In this case, I notified the prosecutor’s office, in addition to the other three notifications I made.” – said the director of ASF.

It is updated