Greece
STATISTICS: GREECE, 1Q2017: The growth rate of life insurance maintained the market in the positive area
At the end of March 2017, the Greek insurance market totaled EUR 962 million, up by 1.4% y-o-y, according to the preliminary market figures published by the Hellenic Association of Insurance Companies (HAIC).
8 June 2017GREECE: All insurance companies pass their solvency test
Greek insurance companies have passed (with minor notes) the first
European solvency test based on the new capital regulations known as
Solvency II.
30 May 2017Wilbur Ross backs American-Dutch bid for Ethniki Insurance
The US commerce secretary has backed a bid by an American-Dutch consortium to buy the insurance arm of Greece's National Bank, Ethniki Insurance, saying a deal could help US investment flows to the troubled Mediterranean country.
18 May 2017U.S. commerce secretary backs Calamos-EXIN bid for GREEK insurer
The U.S. Commerce Secretary has backed a bid by an American-Dutch
consortium to buy the insurance arm of Greece's National Bank, saying a
deal could help U.S. investment flows to the troubled Mediterranean
country.
18 May 2017GREECE: Calamos-Exin predicts National Insurance bid hard to match
An offer for National Bank's insurance business by Calamos and Exin will
be hard to match, partly because of the cultural and commercial links
they have with Greece, the investment duo's chief executives said.
3 May 2017GREECE's National Bank gets four bids for insurance unit
Four investors submitted binding bids to acquire a majority stake in Greek lender National Bank's (NBG) insurance unit, a banking source close to the deal told Reuters on Tuesday.
10 April 2017ETHNIKI Insurance sale: four investors are bidding for the majority stake
Four investors submitted binding bids to acquire a majority stake in Greek lender National Bank's (NBG) insurance unit, ETHNIKI Insurance, reports Reuters quoting a banking source close to the deal.
5 April 2017STATISTICS: UPDATE: Greece, FY2016: 4.6% y-o-y increase in the overall premium income
According to a recent press release of the Hellenic Association of Insurance Companies (HAIC), the Greek insurance market saw a 4.6% y-o-y increase in the overall premium income in 2016, to EUR 3.78 billion. The result takes into consideration the 56 insurance undertakings HAIC members, representing approximately 97.1% of total premium income.
16 March 2017Greece, FY2016: 4.6% y-o-y increase in the overall premium income
According to a recent press release of the Hellenic Association of Insurance Companies (HAIC), the Greek insurance market saw a 4.6% y-o-y increase in the overall premium income in 2016, to EUR 3.78 billion. The result takes into consideration the 56 insurance undertakings HAIC members, representing approximately 97.1% of total premium income.
9 March 2017Greek insurance magazine "Asfalistiki Agora" celebrates 40 years of activity
The Greek insurance magazine "Asfalistiki Agora" (Insurance Market) celebrates 40 years since it accompanies Greek insurers providing a large array of specialty information.
9 March 2017GREEK turnaround adds sheen to NBG's insurance asset sale
An unexpected uptick in the outlook for the Greek economy should boost buyer demand for National Bank of Greece SA subsidiary Ethniki Hellenic General Insurance Co. SA, while the gradual removal of the social safety net should provide a stream of clients for its products over the longer term, analysts told S&P Global Market Intelligence.
17 January 2017GREECE's NBG likely to sell its insurance unit this year
National Bank of Greece (NBG) expects to sell its subsidiary National
Insurance this year and plans other sales as part of its restructuring,
its chief executive said on Wednesday.
9 January 2017GREECE: Exin acquires AIG operations
Matt Fairfield's (re)insurance start-up Exin Partners has struck a deal
to buyout AIG's interest in AIG Greece in a deal worth upwards of
EUR100mn ($104mn), The Insurance Insider can reveal.
22 December 2016GREECE: Bids for NBG's Ethniki Insurance set for Q1
National Bank of Greece aims to have the binding bids for the sale of
its subsidiary Ethniki Insurance within the first quarter of 2017.
According to the group's commitment in its restructuring plan, the sale
must take place in the first half of next year, but bank sources say the
process will begin in January.
13 December 2016STATISTICS: HAIC: The GREEK insurance industry remained relatively at the 3Q2015 level
The Greek insurers reported gross written premiums of EUR 2.79 billion in 3Q2016, up by 1.3% y-o-y, according to a quarterly report published by the Hellenic Association of Insurance Companies (HAIC).
8 December 2016ALLIANZ: GREEKS Lost 30% of their Assets in 8 Years
Greeks lost 30 percent of their wealth since 2007, while in the rest of
western Europe households are much better off economically in 2015 than
in 2007, a report says.
26 September 2016STATISTICS: GREECE, 1H2016: Changing life insurance classification system influenced the GWP rate on the life segment
The Greek insurers member of HAIC - Hellenic Association of Insurance Companies, reported a GWP of EUR 1.88 billion in the first half of 2016, or 5% less y-o-y, according to the half year report published on HAIC's website.
15 September 2016GREECE: PIRAEUS Bank sells ATE Insurance to ERGO Group for EUR 90 million
PIRAEUS Bank, Greece's biggest lender, has completed the sale of its ATE Insurance business to ERGO Group - part of German reinsurer MUNICH Re - for EUR 90.1 million. The transaction makes ERGO the largest property-casualty insurer in the market, and the price is subject to net asset value adjustments, ERGO said in a statement.
4 August 2016STATISTICS: GREECE, 1Q2016: market down by 6% y-o-y
At the end of March 2016, the Greek insurance market totaled EUR 948.57 million, down by 5.7% y-o-y, according to the preliminary market figures published by the Hellenic Association of Insurance Companies (HAIC). The life insurance segment decreased by 10% y-o-y, to EUR 456.68 million, while the non-life business line dropped by 1.2% to EUR 491.89 million.
30 June 2016Bank of Greece turns down Bulgaria's Euroins attempt to buy Credit Agricole Life
The Bank of Greece has rejected the proposed acquisition of the local life insurance operations of France's Credit Agricole by Bulgaria's Euroins Insurance Group (EIG) due to solvency capital issues of the buyer's subsidiary in Romania.
23 June 2016
