Hellenic Life (former Hellenic Alico Life) is the life insurance company of Hellenic Bank Group. It was established back is 2001, as a result of the strategic partnership between Hellenic Bank and ALICO (AIG) – today MetLife. Their participation in the share capital of the company was 72.5% and 27.5% respectively. This partnership constituted the first bancassurance initiative in Cyprus.
In the last quarter of 2019, Hellenic Bank purchased Metlife’s share holding (27.5%) in the company and the company was renamed from Hellenic Alico Life to Hellenic Life. Hellenic Life is now 100% subsidiary of Hellenic Bank.
Hellenic Life is licensed to transact business under the Life, Accident and Health classes of insurance. The Company currently promotes its products through the branch network of Hellenic Bank.