EUROPA Insurance

EUROPA Insurance

EUROPA Insurance was founded in 1969 and headquartered in Cologne, Germany. Nikolaos A. Makropoulos, a Greek entrepreneur and former Deputy Mayor of Athens, has been the sole owner since its founding. The company operates as a subsidiary of the Continentale Insurance Group, a Dortmund-based mutual insurance group, a relationship in place since 1983. This structure gives the carrier the underwriting backing of a large German mutual while preserving the concentrated ownership and investment discretion of a single family office. EUROPA writes primarily German personal-lines and small-commercial insurance, with premiums invested through a general account typical of a mid-market European insurer. The asset mix is not publicly disclosed but is shaped by Solvency II capital requirements monitored by the German regulator, BaFin. Investment exposure likely centers on German and euro-area investment-grade fixed income, with a smaller allocation to real estate. Makropoulos maintains a separate commercial real estate portfolio concentrated in Greek tourism assets, held outside the regulated insurance entity. The related vehicle Evropi Holdings involves co-investor George Moundreas, a Greek shipping name. The firm lists no AUM or total deployment publicly. Staffing figures are not disclosed. Adjacent to the insurance operations, Makropoulos is a founding member and honorary chairman of the Hellenic Insurance Brokers Association. He has served as vice president of both the British Hellenic Chamber of Commerce and Panathinaikos Athletic Club. Philanthropic activity includes support for the Centennial Fund of the American College of Greece and Friends of Pediatric Trauma Care. The firm's structural distinction is the confluence of a German-regulated insurance balance sheet controlled by a single Greek principal who co-invests separately in real assets alongside shipping-industry partners. This creates two investment streams — a constrained, regulated general account and a discretionary private portfolio — under one decision-maker, without the formalized family office architecture that normally accompanies such a bifurcation.