European Reliance: Allianz SE buys 72% of Greek insurer European Reliance

Allianz SE is to buy 72% of Greek insurer European Reliance in a deal worth €207m. The deal was said by the insurer to be part of its strategy to grow its franchise. European Reliance is understood to have €223m in gross written premiums, with 110 retail offices and 5,667 agents. European Reliance, once combined [...] The post Allianz SE buys 72% of Greek insurer European Reliance appeared first on ReinsuranceNe.ws.