Greece
COFACE to expand its expertise on the Greek credit insurance market
The global trade credit insurance COFACE announced the launch of its credit insurance offer in Greece, after being granted a license from the Greek regulatory authority to operate as credit insurer.
28 March 2019GREECE: Aegean Insurance to collaborate with Tieto to accelerate innovation in local insurance market
Greece-based Aegean Insurance will start using the Finland-based Tieto "Insurance-in-a-Box" platform to become a leading innovator in the Greek insurance market.
28 March 2019GREECE: 1993-2018 natural catastrophes report
During 1993-2018, Greece insurers paid EUR 359 million for natural catastrophes claims. The 1999 earthquake was by far the most devastating and costly natural disaster, when a total of EUR 111 million in insurance indemnities were paid to the victims.
28 February 2019STATISTICS: GREECE FY2018: Non-life segment maintained the market on ascendant path
The insurance market of Greece totaled EUR 3.19 billion at the end of December 2018, up by 1.8% y-o-y, according to the preliminary figures published by the Hellenic Association of Insurance Companies (HAIC).
7 February 2019EIG's second attempt to acquire Credit Agricole Life rejected by the Greek Central Bank
The Greek central bank's Credit and Insurance Committee announced it has banned the proposed acquisition of a 100% stake in Credit Agricole Life by the Bulgarian Euroins Insurance Group (EIG).
25 January 2019National Bank of Greece to extend deadline to sell Insurance subsidiary
18 January 2019Greece: new bid for the Ethniki acquisition
After the failure of the previously announced acquisition attempts made by Fosun, Exin or Gongbao, it seems that a new opportunity to sell Ethniki - Hellenic General Insurance Co. presented itself to National Bank of Greece, with a bid launched by a consortium led by Hannover Re S.E.
9 January 2019Greece's population in rapid decline
2 January 2019STATISTICS: Greece, 3Q2018: Non-Life pushed-up the quarterly figures
The Greek insurers reported aggregate GWP of EUR 2.87 billion at the end of September 2018, up by 2.1% y-o-y, according to the nine-months market report published by the Hellenic Association of Insurance Companies (HAIC).
22 November 2018Ethniki sale saga continues: NBG to ask EU for more time to complete the sale
The National Bank of Greece (NBG) and the owner of the largest and the oldest Greek insurer - Ethniki - will ask the EU for more time to complete the planned asset sale under the EU-approved restructuring plan, according to sources quoted by international media.
1 November 2018Greece's NBG to ask EU for more time to complete asset sales plan
25 October 2018REUTERS wrote, quoting NBG representatives, that "no further negotiations with GONGBAO would be pursued".
GONGBAO was the only bidder in the final stage of binding financial offers for the buyout of a 75% stake in Greece's leading insurer.
24 October 2018GREECE: More than 30 million euros in insurance payouts over Attica fire tragedy
23 August 2018Greece: the devastating fires in Attica will cost insurers over EUR 33.7 million
Greek insurers will pay over EUR 33.7 million in compensation for the devastating fires that hit Attica on 23 July 2018, according to the first estimate of the Hellenic Insurance Companies Association (EAEE).
23 August 2018Insurers braced for Greek holiday home wildfire claims
5 August 2018GREECE eyes larger marine insurance role as hard Brexit looms
29 July 2018STATISTICS: GREECE: Almost EUR 1 billion in first quarter GWP
At the end of March 2018, the Greek insurance market totaled EUR 999.5 million, up by 3.5% y-o-y, according to the preliminary market figures published by the Hellenic Association of Insurance Companies (HAIC).
25 June 2018GREECE: CEO of Ethniki owner National Bank of Greece steps down
The exit comes after the collapse of the Ethniki sale to Exin and the failure of another deal.
17 May 2018NBG to continue the ETHNIKI sale process with the runners-up in the last phase
Following the failure to sell its insurance arm, NBG - National Bank of Greece announced it would continue the process for the sale of ETHNIKI Insurance with the final bidders, wrote local media.
3 May 2018Ethniki bidder receives boost from Greek Union as Chinese firms circle
Exin, the aspiring owner of Greece's largest insurer Ethniki, appears to have received a boost from an unlikely source as it continues its odyssey to raise EUR720mn to buy a majority share of the firm.
2 May 2018
