Allianz Launches $235M Bid for Greece’s European Reliance

Allianz launches financial lines claims inhouse

Allianz on Friday said it will pay about 207 million euros ($235 million) to acquire Greek insurer European Reliance, a move that will create the country’s fifth-largest insurer based on gross written premiums. The 7.80 euros per share bid represents a 15.7% premium to Friday’s closing price, Allianz said, adding it was entering share purchase… Continue reading Allianz Launches $235M Bid for Greece’s European Reliance