European Reliance General Insurance Co. () is a

Greek Greek may refer to: Anything of, from, or related to Greece, a country in Southern Europe: *Greeks, an ethnic group *Greek language, a branch of the Indo-European language family **Proto-Greek language, the assumed last common ancestor of all kno ...

insurance company which is based in

Athens Athens ( ) is the Capital city, capital and List of cities and towns in Greece, largest city of Greece. A significant coastal urban area in the Mediterranean, Athens is also the capital of the Attica (region), Attica region and is the southe ...

, Greece.

History

Founded in 1977, it is one of the largest insurance companies in Greece. It is listed on the

Athens Stock Exchange The Athens Stock Exchange (ASE or ATHEX; , ''Chrimatistírio Athinón'') is the stock exchange of Greece, based in the capital city of Athens. It was founded in 1876. There are currently five markets operating in ATHEX: regulated securities mark ...

and has as a slogan the phrase "Pays immediately", which expresses how it prioritizes consistency at the difficult moments. The Company manages a portfolio of more than 650,000 insurance policies, a turnover of more than € 223 million and an investment portfolio that exceeds € 408 million, with A− to AA+ credit rating. Over the past 43 years, it has zero overdue debts, a high solvency ratio and sufficient insurance reserves. With a sales network that counts more than 5,600 Insurance Agents and more than 110 Retail Offices, serving the needs of more than 662,972 contracts, the Company stands strong in the Greek insurance market, to meet its obligations, according to client's requests. In February 2022, it was announced the

German German(s) may refer to: * Germany, the country of the Germans and German things **Germania (Roman era) * Germans, citizens of Germany, people of German ancestry, or native speakers of the German language ** For citizenship in Germany, see also Ge ...

multinational financial services company,

Allianz Allianz SE ( , ) is a German Multinational corporation, multinational financial services company headquartered in Munich, Germany. Its core businesses are insurance and asset management. Allianz is the world's largest List of largest insurance ...

, had acquired 72% of European Reliance for €207 million.

References

External links

*{{Official website, https://www.europaikipisti.gr/en Financial services companies established in 1977 Companies based in Athens Insurance companies of Greece Greek brands Greek companies established in 1977 Companies listed on the Athens Exchange