Insurer Allianz-Tiriac names Virgil Soncutean CEO

Posted On: Apr. 27, 2016 12:00 AM CST

Romanian insurer Allianz-Tiriac Asigurari S.A. has appointed Virgil Soncutean as its new CEO, effective Sept.1, 2016, reported Romania-Insider.com.

Mr. Soncutean is currently Allianz-Tiriac's chief sales officer and deputy general manager.

Mr. Soncutean will replace Austrian Remi Vrignaud by taking over the CEO position.

Romania's Financial Supervisory Authority said that Allianz-Tiriac, which is a joint venture between Allianz S.E. and Romanian investor Ion Tiriac, had a 12% market share in 2015.