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25 February 2018

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Greek MP asks questions on Ethniki as Exin Re staff paid

Adam McNestrie 7 November 2017

A member of the Greek parliament has posed questions to the country's finance minister about Exin's proposed EUR958mn ($1.10bn) acquisition of state-owned insurer Ethniki, citing concerns about "major liquidity problems" and issues with the recently submitted change of control request.

Exin strongly contested the suggestion that there are issues around the completion of the deal, and stressed that it had paid all outstanding liabilities that were legitimate.

The remarks came as Exin, the broad-based insurance group founded by Matt Fairfield...

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