Greece
ETHNIKI Insurance close to becoming an American-Dutch owned company
ETHNIKI Insurance's sale entered its final stage once the National Bank of Greece's board approved the sale of a majority stake in it to American-Dutch consortium Calamos-EXIN, a banker close to the deal told Reuters.
29 June 2017GREECE: INTERAMERICAN chooses SAS to expand personal data protection
In the insurance industry, trust is crucial to maintaining loyal customers. And with just under a year before the EU General Data Protection Regulation (GDPR) goes into effect, there is a spotlight on personal data and security. To help provide that customer data is securely managed, INTERAMERICAN, a leading insurance provider in Greece, has expanded its relationship with SAS.
29 June 2017GREECE: Calamos-Exin to land Ethniki Insurance
The Greek-American consortium Calamos-Exin Group has been selected as the preferred bidder for the sale of Ethniki Insurance, a National Bank of Greek subsidiary, in the context of the tender that according to sources is nearing its conclusion.
15 June 2017GREECE: Greek American EXIN Partners Acquire Emblematic Greek Insurer Ethniki Asfalistiki
EXIN Partners, a group consisting by John Calamos and John Koudounis of Calamos Investments, insurance expert Matthew Fairfield, and Pavlos Kanellopoulos together with Nicholaos Adamantiades of AIG have won the bid to acquire "Ethniki Asfalistiki," Greece's biggest insurer.
8 June 2017STATISTICS: 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 2016
