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Antonis Rouvas: Hellenic's leading role in the insurance sector as well

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Αντоνης Ροyβας  ΗεκοςΕλνικ&iota ; στον ασφαλιικτομeα /></p> <p> </source> </p> <p>The acquisition of all of CNP Assuran's insurance activities in Cyprus and Greece, including CNP Cyprialife and CNP Asfalistiki, will make Hellenic Bank Group a leading financial institution, with a strong presence in both the banking and insurance sectors in Cyprus, says the interim CEO of Hellenic, Antonis Rouvas.</p> <p>Mr. Rouvas, in his message to the bank's staff, states that yesterday is another milestone for the Group and another successful result of teamwork, “as <strong>we have entered into exclusive negotiations</strong>and sign a Right to Sell agreement at an agreed price with CNP Assurances for the acquisition of all its insurance activities in Cyprus and Greece which include, among others, CNP Cyprialife and CNP Asfalistiki”.</p> <p>He emphatically notes that the transaction complements the bank's business model and upon its completion will offer significant growth opportunities to the entire Group and especially to the Group's insurance activities. According to Mr. Rouvas, the Group will significantly strengthen its position in the insurance industry and become a leading financial organization with a strong presence in both the banking and insurance sectors in Cyprus.</p> <p>He emphasizes that “with completion of the integration of the two companies, our market shares will exceed 23% in the General Insurance sector and 30% in the Life Sector, making the Hellenic Bank Group the insurance sector leader in both the General Sector and the Life Sector ». </p> <p>He emphasized that the transaction is another practical move to strengthen the credibility of the Group, which creates further opportunities for its long-term sustainable course.                        ;   </p> <p>“Our existing subsidiary insurance companies, with over 30 years of experience and expertise, are further strengthened, making our insurance products just as important as the banking ones, both for the future profitability and for the development of the Group. The acquisition of the CNP companies is a strategic decision in line with the Group's business plan. The agreement is beneficial not only for the organization but also for the staff of all companies, as new perspectives and opportunities are now created for cross-selling, development and development of our people” he also states in his message. </p> <p>He adds that the transaction is subject to the required regulatory approvals and is expected to be completed in early 2025.</p> <p>At the end of his message he notes that, “we expect to join forces, know-how and valuable experiences of all the staff of CNP Cyprialife, CNP Insurance, Hellenic Life and Pancyprian Insurance to modernize and upgrade our services and strengthen the range of our insurance options, with the aim of satisfying all customer needs. We are very proud of our progress and development. At the same time we recognize the successes, experience and importance of CNP. In recent years, our Group has repeatedly proven its prestige and reliability, overcoming many obstacles and achieving great business moves that bring it to the highest position. We all continue together to realize our goals”.</p> <p><noindex></p> <div class=Source: www.philenews.com

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