Change your consent | Revoke your consent

Important Milestones

1977

The Company was established by a team of 19 life insurance brokers.


1983

Construction of a 3,500 square metre building on Kifisias Avenue.


1986

The ALTER EGO S.A. subsidiary was established as an insurance support and life quality centre, a sector that EUROPEAN RELIANCE GEN. INS. CO. SA. first established in the Insurance sector.


1990

EUROPEAN RELIANCE GENERAL INSURANCE CO. S.A. Mutual Funds Company is established, one of the first Mutual Funds companies in Greece.


1995

Construction of a 6,500 square metre building, next to the initial building on Kifisias Avenue which, apart from being a point of reference for the company, also became an important source of income.


1997

The company is offered publicly on the Athens Stock Exchange. EUROPEAN RELIANCE GENERAL INSURANCE CO. S.A.  becomes the first insurance company in 34 years  to do so.


1999

EUROPEAN RELIANCE FINANCE S.A. is established.


2002

The company is certified with ISO 9001:2000 for all its services. EUROPEAN RELIANCE GENERAL INSURANCE CO. S.A. is the first company to receive this accreditation and continues to do so today with the ISO 9001: 2008.


2005

From 1/1/2005, EUROPEAN RELIANCE GENERAL INSURANCE CO. S.A., as a company listed on the Athens Stock Exchange, applies the IFRS. EUROPEAN RELIANCE GENERAL INSURANCE CO. S.A. was the only amongst the listed insurance companies in Greece to improve its net worth, following the application of the International Reporting Standards as cited by Ernst and Young.


2007

An agreement was signed by EUROPEAN RELIANCE GENERAL INSURANCE CO. S.A. and Piraeus Bank with the latter gaining 30% of the former’s share capital. EUROPEAN RELIANCE GEN. INSURANCE CO. S.A. also agrees to cover 30% of the mortgages and other commercial interests and other assets of Piraeus Bank.


2010

In the midst of a challenging economic environment and during a year in which we estimate that the insurance market will shrink by about 1%, the company achieved an important production increase of 14%. At the same time, pre-tax profits amounted to € 3,88m compared to € 3,66m in 2009.

2011

Successful participation in the Europe-wide stress test of insurance companies, by fulfilling all assessment criteria.

2012

Tripling of profits to € 12 mn. instead of € 4 mn. in 2011, at a time of recession for the third consecutive year in the Insurance Industry.

2014

European Reliance reached the 7th place among the 67 insurance companies, premium volume based.

2016

15% of the share capital of European Reliance General Insurance Company was acquired by the European Bank for Reconstruction and Development (EBRD)

2017

Important increase of all financial figures for 8th consecutive year. For the first time our Total Assets exceed € 400 mil.




top