The domestic insurance funds have been affected severely by the global crisis in the past few months. Since late October 2007, when the crisis knocked Cyprus’s door, the funds have lost one fourth...
Aspis Holdings demands compensations of more than €65 million by the state in relation to the Insureance Superintendent’s refusal to grant a special permit for the Company’s participation in...
The investment funds of the domestic insurance companies are expected to enjoy lower returns in 2008. Eight years after the collapse of the Cyprus Stock Exchange, many insurance funds are in a...
28/01/2008
The battle among the business groups for the control of Universal Bank (USB) has changed the bank’s shareholders register. The company announced officially today that shipping company Schoeller...
The agreement between Aspis Holdings and Marfin Popular Bank for the acquisition of 35% of the share capital of Universal Life has been extended for 24 more months. After the Insurance...
The acquisition of 35% of the share capital of Universal Life by Aspis Group is still uncertain. After the decision of the Insurance Superintendent, Victoria Natar, to reject the acquisition 1 ½...
Aspis Group Managing Director, Lambros Christofi expressed his optimism that the Group will win all the battles. Speaking at a press conference, Mr. Christofi said that the consideration of €3.5 per...
Two days before the expiry of the Public Offers for the acquisition of Universal Bank, Chief Executive Director of Universal Life, Andreas Georgiou proceeded to the sale of USB shares. Specifically...
Aspis Group expressed its strong disagreement on Friday against the Insurance Superintendent’s decision, Victoria Natar, to reject its request for a registration of the titles of Universal Life...