With this strategic move, Anytime will further strengthen its presence as one of the leading insurance companies in Cyprus, while for Gan Direct, it marks the beginning of a new phase of development, with greater emphasis on specialization and high value-added insurance services.
Gan Direct Insurance has built a strong reputation as the number 1 direct insurer, offering customers a possibility to access insurance directly. “I started Gan Direct over 30 years ago with the goal of making insurance simpler, more direct and fairer for customers in Cyprus. Today we are making a significant strategic decision that opens the next chapter for our company”, said George Nikolaidis, CEO of Gan Direct Insurance. “The agreement with Anytime allows us to focus even more on areas where we believe we can create greater value in the future”, he added.
“This acquisition constitutes another essential step in our development path and will strengthen our position as a regional player in the digital insurance sector. Anytime's pioneering spirit is highlighted through a simple, fast and digital model that has changed the insurance experience”, commented Yannis Kantoros, CEO of Interamerican Group.
“Today, with a presence in three markets in Greece, Cyprus and Romania, our Group’s digital brand proves that it can evolve dynamically and respond to the needs of different markets. Gan Direct has built a strong name in the Cypriot market in the direct insurance sector, and, with the integration of its non-life portfolio, we will further strengthen our momentum, creating greater value for our policyholders”, Yannis Kantoros emphasized.
It is noted that the acquisition is subject to the approval of the competent supervisory authorities and the procedures provided for by law.
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