Allianz signs deal to buy majority stake in Greek insurer European Reliance
German insurer Allianz has signed a share purchase agreement (SPA) to buy a 72% stake in European Reliance General Insurance Company (European…
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Insurtech Hellas Direct raises €32m to accelerate business growth
Hellas Direct, a technology-driven insurer operating in Greece and Cyprus, has raised €32m in the latest round of funding. The…
CVC Capital Partners to acquire majority stake in Ethniki Insurance
CVC Capital Partners' Fund VII has signed a definitive agreement with National Bank of Greece (NBG) to purchase 90.01% stake…
AXA ponders sale of Greek business to Generali
Axa is in talks to sell its Greek operations to Italian insurer Assicurazioni Generali as part of its efforts to…
ByNBG scraps agreement to divest 75% stake of Ethniki Insurance to EXIN
National Bank of Greece (NBG) has terminated a previously announced agreement to divest a 75% stake in Ethniki General Insurance…
Euroins to acquire Credit Agricole’s life insurance subsidiary in Greece
Bulgarian insurance group Euroins Insurance Group (EIG) has reportedly agreed to purchase the Credit Agricole's Greek life insurance unit.
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Fitch: Euro insurers well positioned to absorb Grexit impact
European insurers should be able to absorb the potential shocks from a Greek exit from the eurozone, according to Fitch…
ByUnder-achieving Greek insurance industry continues to stagnate
High levels of unemployment, lack of consumer awareness and large reductions in disposable income has seen the underdeveloped Greek insurance…
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