Euroins debt settlement transaction: How much money did the liquidator get on the shares held by the bankrupt insurer at PAID

CITR, the judicial liquidator of Euroins, the former bankrupt RCA leader, sold on Tuesday, by auction, the package of 5.5% of the shares held by the bankrupt company within PAID Romania, the company that issues the mandatory home insurance. The starting price of the auction was over 6.5 million lei, the stake being awarded for over 8.18 million lei by Omniasig VIG, an insurer that will thus become a new shareholder of PAID, Alina Popa, legal director of CITR, told HotNews.ro.

“At the moment, these amounts will remain in the company's patrimony until the liquidation of the company's patrimony is completed,” said Alina Popa.

On Tuesday, December 16, 2025, the public auction took place for the sale of the 5.5% stake in the Natural Disaster Insurance Pool (PAID), owned by Euroins Romania, a company in bankruptcy proceedings.

The auction was organized by the judicial liquidator CITR Filiala Bucharest SPRL, at its headquarters in Bucharest, in accordance with the insolvency procedure. The sale process was publicly announced and respected the existing shareholders' right of preemption, according to PAID's articles of incorporation.

“The starting price of the auction was 6,547,750 lei, and the award price was 8,184,687.50 lei, the winner being OMNIASIG Vienna Insurance Group, which will thus become a new shareholder of PAID”, he stated for HotNews.ro Alina Popa, the legal director of CITR.

Omniasig has 7 days to pay the auction price.

“The sold package represents the last participation held by an insurance company in bankruptcy within PAID”, the CITR official also told HotNews.ro.

The injured parties have to recover almost 800 million euros from Euroins

Nine people from the former management of Euroins Romania, the former RCA leader entered into bankruptcy proceedings in the spring of 2023, were summoned to court at the end of last month, to answer personally for the losses suffered by creditors. The amount of compensation requested in court so far by creditors – individuals, companies and institutions – amounts to almost 4 billion lei (about 800 million euros), according to data obtained by HotNews.

The process was opened by CITR, the judicial liquidator of Euroins Romania, which sent data from this file at HotNews' request.

Who are PAID's shareholders?

The Insurance Pool Against Natural Disasters (PAID Romania) The Insurance Pool Against Natural Disasters (PAID Romania) is the company that issues compulsory home insurance policies against earthquakes, floods and landslides.

Homeowners in Romania are required by law to insure their homes against three natural risks: earthquakes, floods and landslides. The insurance costs 50 lei per year for adobe houses, for which you can receive a maximum of 50,000 lei in the event of a disaster, respectively 130 lei per year for more resistant houses, and based on the insurance you can receive compensation of a maximum of 100,000 lei if the home is destroyed.

Fines for lack of insurance are between 100 lei and 500 lei, but no mayor has fined his citizens in more than 15 years since the mandatory home insurance system became operational.

PAID announced in September of this year that the Financial Supervisory Authority (ASF) approved the entry of Infinity Capital Investments and Gravity Capital Investments into the company's shareholding, by acquiring a cumulative package of 26% of the share capital and voting rights.

PAID's shareholding now consists of eight insurance companies and two investment funds, respectively: Groupama Asigurări (15%), Allianz-Țiriac (15%), Infinity Capital Investments (15%), Generali (11%), Gravity Capital Investments (11%), ABC Insurance (11%), Grawe (5.5%), Uniqa Asigurări (5.5%), Signal Iduna Asigurări (5.5%) and Euroins (5.5%), according to Termene.ro.