About us
Colonnade Insurance SA was rated A- (excellent) for financial stability by the international rating agency A.M. Best
- Colonnade Insurance S.A. (Colonnade) is a Luxembourg based non-life Insurance company fully owned by Fairfax and established for a strategic expansion of the Fairfax insurance business in Central & Eastern Europe.
- Colonnade has more than 600 employees in Central & Eastern Europe, with a GWP of 262 million euros in 2023.
- Colonnade operates through branches in the Czech Republic, Slovakia, Hungary, Poland, Romania, Bulgaria and its sister company in Ukraine.
- Colonnade is licensed to underwrite 17 of the 18 statutory classes of non-life Insurance (except Class 10 – Motor Vehicle Liability). Our licenses are extended to Freedom of Services for all EU member states.
- Colonnade is dedicated to first class customer service and innovative products for commercial and consumer insurance solutions in Central & Eastern Europe.
- Companies operate on a decentralized basis, with empowered underwriting teams applying a focused underwriting strategy to their markets
Colonnade Insurance S.A. Luxembourg – Bucharest Branch:
- Company authorized by the Financial Supervisory Authority to provide insurance services on the territory of Romania based on the right of establishment with registration code RX-3676 in the ASF Register "Insurers and Intermediaries from SEE"
- Branch of a foreign company
- Unique registration code (CUI): 38335135
- Order number in the Trade Register: J40/ 17214/ 2017
- Authorized activities: 6512 - Other insurance activities (except life insurance); 6520 - Reinsurance activities
- European Unique Identifier (EUID): ROONRC.J40/17214/2017
- Registration certificate: B4351043, issued on 25.11.2021
- Contact details:
- Address of the registered office: 82-94, Buzesti, 10th floor, 1st district, 011017, Bucharest, Romania
- Phone: +40 21 300 96 21
- Contact email: office@colonnade.ro
Colonnade Insurance S.A. details:
- legal entity organized and operating under the laws of Luxembourg, with registered office at 1 Rue Jean Piret, L-2350 Luxembourg
- registered with no. B61605/ 24.11.1997 in Luxembourg Business Registers G.I.E.
- NACE Code: 65.120 “other insurance activities”
- code LEI 222100IUSAKCDAYTMX08
About Colonnade Insurance in Central Europe
Colonnade Insurance S.A. (Colonnade) is a Luxembourg based non-life insurance company fully owned by Fairfax and established for a strategic expansion of the Fairfax insurance business in Central and Eastern Europe.
We are licensed to underwrite 17 of the 18 statutory classes of non-life Insurance (except Class 10 – Motor Vehicle Liability). Our licenses are extended to Freedom of Services for all EU member states. The company currently maintains and forecasts the maintenance of a strong solvency ratio, well above the required levels. Colonnade is supported by leading global reinsurers with strongest financial security led by, among others, Swiss Re, Hanover Re, Munich Re, BRIT, AWAC, Lloyd’s syndicate, AIG.
We operate through branches in Bulgaria, the Czech Republic, Hungary, Romania, Poland, Slovakia, and a subsidiary in Ukraine with the help of a team of more than 600 experienced specialists. We offer products for consumer and corporate clients and have an A- financial strength rating for four years. Our registered capital is EUR 9 500 000.
Branches operate on a decentralized basis but having strong internal culture where market practice leaders share their expertise cross-branch. The empowered underwriting teams apply a focused underwriting strategy to their markets.
Executive management
- Peter Csakvari - General Manager
- John Ockenden - Chief Actuary
- Andras Sellyei - Chief Financial Officer
- Natalia Nagornaia - Head of Risk Management
- Babette Chambre - Head of Compliance
- Julien Immelé - Head of Internal Audit
Board of directors
- Bijan Khosrowshahi - Chairman of the Board
- Jean Cloutier - Board Member
- Peter Csakvari - Board Member
- Frederick Gabriel - Board Member
- Leo de Waal - Board Member
- Marnix Ernst Wielenga - Board Member
Georgiana Popescu
General Manager
Cristiana Contiu
Financial Manager
Elena Filiuta
HR Manager
Alexandru Voicu
Sales Manager
Ramona Juncu
Head of Commercial Lines
Ruxandra Paun
Legal Manager
Madalina Pujina
Claims Manager
Mihaela Tornea
Compliance Officer, Risk Management Officer and Deputy DPO
Daniela Schuessl
Civil Liabilities and Financial Insurance Manager
Ioana Bucur
Personal Lines Manager
Alexandra Nica
Assets Insurance and Special Risks Manager
Our values
Our guiding principles have been created to reflect our true nature. Our values therefore include:
- Honesty and integrity are essential in all our relationships and will never be compromised.
- We are results oriented – not political.
- We are team players – no “egos”. A confrontational style is not appropriate. We value loyalty – to Fairfax and our colleagues.
- We are hard working but not at the expense of our families.
- We always look at opportunities but emphasize downside protection and look for ways to minimize loss of capital.
- We are entrepreneurial. We encourage calculated risk taking. It is all right to fail but we should learn from our mistakes.
- We will never bet the company on any project or acquisition.
- We believe in having fun – at work!
Panel of reinsurers
Colonnade’s underwriting capacity is comparable to that of Romanian market leaders. The company is reinsured by renowned global reinsurers that guarantee its strong financial stability.
Our reinsurers include these first-rate companies:
- Munich Re / AA-rating (S&P)
- Swiss Re / AA-rating (S&P)
- Scor / AA-rating (S&P)
- Hanover Re / S&P AA