Insurance in Greece

Kyriakides Georgopoulos Law Firm

Kyriakides Georgopoulos Law Firm offers regular assistance to a range of clients, including insurance companies, financial institutions and insurance intermediaries. It is well versed in an array of matters arising from general liability insurance, the implementation of life or health insurance programmes, employee benefit plans and D&O insurance policies. Recent highlights include its advice to a multinational corporation in relation to the launch of insurance products, which involved the review of policy and pre-contractual terms and regulatory issues. Konstantinos Issaias heads the practice, leading the team with his experience in M&A deals in the insurance and reinsurance sectors. Zaphirenia Theodoraki is a name to note at the senior associate level.

Practice head(s):

Konstantinos Issaias

Other key lawyers:

Zaphirenia Theodoraki; Matina Roma

Testimonials

‘I worked with this firm on an international insurance case. The quality of the work was excellent, as was their responsiveness.’

‘Konstantinos Issaias, the partner in charge of the matter, did excellent work and helped the client achieve a very satisfactory outcome.’

Key clients

Generali

Assurant

Rokas Law Firm

Rokas Law Firm is a leader in the market, regularly acting for clients across the gamut of insurance matters, including the development of insurance products, policy wording and drafting, litigation and regulatory matters. Its team is renowned for being ‘perfectly up to date with any developments regarding insurance law both in Greece and in the EU‘. Its strong reputation is illustrated by its recent advice to a major Greek logistics services provider pertaining to a major embezzlement claim relating to commercial goods, where the team provided assistance on issues of liability. Ioannis Rokas heads the team alongside Alkistis Christofilou and Christos Theodorou. Viktoria Chatzara, who was promoted to junior partner in February 2021, is also noted.

Practice head(s):

Ioannis Rokas; Alkistis Christofilou; Christos Theodorou

Other key lawyers:

Antonios Tsavdaridis; Viktoria Chatzara; Konstantinos Ntallas; Kosmas Karanikolas

Testimonials

‘Rokas Law Firm is the most distinguished law firm regarding the insurance industry. They are always perfectly up to date with any developments regarding insurance law both in Greece and in the EU. Their experienced team also has an excellent knowledge of the insurance market. Rokas Law Firm colleagues are very efficient in both litigation and consulting.’

‘Prof. Ioannis Rokas has excellent knowledge of insurance law and is always 100% up-dated on any ongoing developments concerning insurance law in Greece and the EU. Alkistis Christofilou is also very experienced in insurance law and offers high quality advice.’ 

Work highlights

  • Advised a logistics provider on a BBB-based insurance claim regarding a massive embezzlement of goods from storage units.
  • Advised shareholders on the sale their Greek subsidiary, a leading life insurance company.
  • Represented insurers of a vessel lost in a fire in their subrogation claim against the pool of underwriters covering the vessel which caused the fire.

Bernitsas Law

Bernitsas Law provides a comprehensive service to its clients, which benefit from the firm's extensive experience in the preparation and negotiation of insurance contracts, the drafting of terms and conditions of insurance policies, and the evaluation of contracts, among other matters. Its team is also well versed in handling insurance disputes, representing clients in claims arising from distribution, interpretation of contractual documentation, regulatory enforcement and insolvency. Lambros Belessis heads the practice.

Practice head(s):

Lambros Belessis

Other key lawyers:

Evi Kitsou; Christos Paraskevopoulos; Aristeidis Papathanasiou

Testimonials

‘Bernitsas law firm stands out as a firm that has commitment, expertise, dedication and diverse specialist knowledge of the insurance industry and laws in Greece.’

‘All the partners and associates are always available to personally deal with any matter referred to them with diligence and speed.’

Key clients

CVC

CNP Zois SA

CNP Asfalistiki Ltd (Greek Branch)

Work highlights

  • Acted as Greek law counsel to CVC Capital Partners’ Fund VII in connection with its acquisition of 90.01% of Ethniki Insurance from NBG.
  • Advised various subsidiaries of the CNP Group in Greece on a day-to-day basis.

PD Law Offices

PD Law Offices is a specialised insurance law boutique, renowned for its ‘long tradition of excellence' in litigation and arbitration matters. Its skilled team is equipped to handle cases involving product liability, marine cargo insurance, life insurance, financial institution professional indemnity and motor vehicle third party liability. Recent highlights include its representation of DYNAMIS in a claim arising from a yacht destroyed by a fire, in which the team successfully obtained a decision to grant the client the right to pursue a claim to recover funds. Ioannis Pantelidis heads the practice with Anastasia Daradani and Anastasia Tsimplaki.

Practice head(s):

Ioannis Pantelidis; Anastasia Daradani; Anastasia Tsimplaki

Other key lawyers:

Aikaterini Giannakakou; Apostolis Balis; Chrysanthi Galati; Eleni Pantelidi

Testimonials

‘In-depth expertise; perfect knowledge of international law and cross-border claims; active and wining procedural performance.’

‘PD LAW OFFICES offers excellent legal services for their national and international clients. PD Law offices are easy to reach, quick to respond and give excellent advice, outstanding by seeing the big picture. Strengths range from their experience, outstanding knowledge of the law and the capability to evaluate complex matters in an instant.’

‘Ioannis Pantelidis has a deep understanding of complex legal issues coming from decades of experience. His clients particularly benefit from his know how and assertiveness in court and in pre-trial negotiations.’

‘Anastasia Tsimplaki’s skills range from a widespread and deep knowledge of the law and experience in several jurisdictions; she is multi-lingual with an outstanding ability to solve complex legal matters.’

‘Excellent knowledge of the insurance industry.’

‘Responsiveness, high qualification, excellent performance. Ioannis Pantelidis is one of the best lawyers in Greece in the insurance branch.’

Key clients

ALLIANZ HELLAS INSURANCE COMPANY S.A.

GROUPAMA PHOENIX HELLENIC INSURANCE COMPANY S.A.

BULSTRAD VIENNA INSURANCE GROUP PLC.

ERGO INSURANCE COMPANY SINGLE MEMBER S.A.

EUROLIFE FFH LIFE INSURANCE S.A.

EUROLIFE FFH GENERAL INSURANCE S.A.

WILLIS TOWERS WATSON GREECE INSURANCE BROKERS S.A.

WILLIS TOWERS WATSON GREECE INSURANCE AGENTS S.A.

BANK AUSTRIA LEASING ARGO IMMOBILIEN LEASING GMBH

SIGMA LEASING GMBH

CORIS ASSISTANCE SA

GREEK AUXILIARY FUND

EUROPEAN RELIANCE GENERAL INSURANCE COMPANY SA

YDROGIOS INSURANCE AND REINSURANCE SA

ATLANTIC UNION S.A.

DYNAMIS S.A.

GENKA COMMERCIAL S.A.

INTERNATIONAL MOTOR INSURERS BUREAU

PASCAL & STRATIS S.A.

ETHNIKI HELLENIC GENERAL INSURANCE COMPANY S.A.

GEK TERNA SOCIETE ANONYME HOLDINGS REAL ESTATE CONSTRUCTIONS

ASPIS PRONIA GENERAL INSURANCE SA

Ι-ΙNSURE LLC

TAILORMADE INSURANCE P.C.

Work highlights

  • Represented DYNAMIS in a claim launched by the insured yacht owner following an incident of fire that took place at the marina and completely destroyed the yacht.
  • Advised Allianz Hellas and Ergo Insurance Company Single Members with regards to its joint policy for Attiko Metro.
  • Represented Eurolife FFH General Insurance in two actions launched by a German service fund.

Zepos & Yannopoulos

Zepos & YannopoulosComparative Guides promotional icon has ‘solid experience in the full spectrum' of insurance matters, offering specialist advice on insurance regulation, contractual work, due diligence, transactions and compliance. Also of note for clients is the firm's Brexit helpdesk, which offers support and proactive updates on developments; recent assistance includes its advice to Enstar Group in relation to the implications of Brexit on its insurance policies. Anastasia Makri heads the practice; she regularly advises both local and international insurers, reinsurers and intermediaries.

Practice head(s):

Anastasia Makri

Other key lawyers:

Smaragda Spyrou

Key clients

Aspen

AXA

Fosun

Generali Group

Groupama

NN

Sedwick

Vienna Insurance Group

Zurich

Work highlights

  • Advised Axa Mediterranean Holding on the sale of its Greek subsidiary, AXA Insurance, to Italian insurance group Generali for a consideration of €167m.
  • Assisted Mytilineos by reviewing and providing regulatory assessment in relation to all insurance agreements of DEPA Commercial, in the context of the potential acquisition by Mytilineos of a majority stake in the state-controlled gas utility’s wholesale and retail business supplier.
  • On behalf of Zurich, conducted a diagnostic compliance review in relation to aligning internal processes and contractual documentation to Greek legislation and regulation.

KREMALIS - Law Firm, member of Ius Laboris

KREMALIS – Law Firm, member of Ius Laboris acts for an array of clients, including both local and international companies, associations and social security institutions, as well as individuals such as civil servants, employees and self-employed professionals. Managing partner Konstantinos Kremalis heads the practice and stands out for his track record in social security-related litigation.

Practice head(s):

Konstantinos Kremalis

Other key lawyers:

Dimitrios Kremalis; Roubini Michaloudi