Colonnade Insurance SA is a Luxembourg based non-life insurer fully owned by Fairfax Financial Holdings group based in Toronto (Canada) and established for a strategic expansion of the Fairfax insurance business in Central and East Europe.
In Romania, Colonnade Insurance SA operates through its local branch, being licensed to write 17 out of the 18 statutory classes of non-life insurance (except Motor Vehicle Liability). Colonnade Insurance SA is managing also the administration and claims relating to policies issued by American International Group, Inc. (AIG) in Romania.
Colonnade Insurance SA is dedicated to first class customer service and innovative products for commercial and consumer insurance solutions in Central and East Europe. Colonnade Insurance SA employs more than 400 experienced professionals and generated more than EUR 240 million annual Gross Written Premiums in 2018.
It is the only rated insurance company on the Romanian market with a credit rating by AM Best - Financial Strength Rating (FSR) of "A-" (Excellent).