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Ethniki Insurance
Ethniki Insurance was acquired by Piraeus Financial Holdings in 2025/2026 after CVC Capital Partners held a 90.01 percent stake from 2022 to 2025.
Ethniki Insurance
Ethniki Insurance was acquired by Piraeus Financial Holdings in 2025/2026 after CVC Capital Partners held a 90.01 percent stake from 2022 to 2025. The firm maintains direct ownership stakes in four operating businesses across Greece, Cyprus and Romania. The investment portfolio consists of government bonds, corporate bonds and equities. Confirmed holdings include a position in the BNP Paribas Ethniki Insurance 80% Protected Multi-Asset Fund valued at $68 million. Geographic exposure centers on Greece with additional operations in Cyprus and Romania. The firm employs no disclosed headcount figure and maintains three additional properties in Athens and Corfu. It attended the Explore & ReConnext Global (Re)Insurance Summit in Athens in February 2026. Ethniki Insurance operates under a bancassurance agreement with National Bank of Greece that grants the bank exclusive distribution rights for 15 years following the change in ownership.
General information
Firm type
Insurance
Location
Region
Europe
Country
Greece
City
Athens
Sector focus
Frequently asked questions
Who owns Ethniki Insurance?
Piraeus Financial Holdings acquired 100 percent of Ethniki Insurance in 2025/2026 after CVC Capital Partners held the majority stake from 2022 to 2025.
What is Ethniki Insurance's relationship with National Bank of Greece?
Ethniki Insurance maintains a 15-year exclusive bancassurance partnership with National Bank of Greece following the ownership change.
Which subsidiaries does Ethniki Insurance control?
Ethniki Insurance owns 100 percent of Ethniki Insurance (Cyprus) Ltd, 94.96 percent of Garanta Asigurari in Romania, and 55 percent of both Elysee Insurance Agents Coordinator S.A. and Elysee Insurance Brokers S.A. in Greece.
What asset classes appear in Ethniki Insurance's portfolio?
The portfolio includes government bonds, corporate bonds and equities with one disclosed position in a BNP Paribas-managed multi-asset fund.
Does Ethniki Insurance participate in industry associations?
Ethniki Insurance is a member of CSR Hellas and joined the Partnership for Carbon Accounting Financials in 2023.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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