AIG Greece was the first of EXIN Partners' transformative deals. EXIN acquired the Managing General Agent (MGA) business from AIG in December 2016. EXIN Partners is now an equal partner with the founding families of the business, Canellopoulos Adamantiadis (C&A) Insurance Agency.
From its humble beginnings in 1935 as an insurance agent for Titan Cement, AIG Greece has grown to insure the cars, homes and businesses of approximately 500,000 Greek clients. Business customers include 20 of the largest companies quoted on the Athens Stock Exchange and thousands of independent traders across the country.
EXIN is investing in systems upgrades that will help AIG Greece better serve its network of brokers and business introducers, its retail and commercial customers, and to deliver new technology and apps to enhance customer service, claims handling and insurance product design. Initial upgrades and improvements will be rolled out in 2017 as back-office and underwriting systems are unified.