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Eurobank Completes Purchase of Fairfax’s 80% Stake in Eurolife Life Insurance Business

Fairfax said the completed transaction brought in approximately €813 million in cash.

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Pedestrians pass the Eurolife FFH headquarters on El. Venizelou Street in Athens. (AI-generated image / EconoTimes)
Pedestrians pass the Eurolife FFH headquarters on El. Venizelou Street in Athens. (AI-generated image / EconoTimes)

Eurobank S.A. completed its purchase of an 80% stake in the life insurance operations of Eurolife FFH Insurance Group Holdings S.A., paying approximately €813 million, Fairfax Financial Holdings Limited said Oct. 29.

Fairfax described itself as a holding company. It said its subsidiaries mainly work in property and casualty coverage and reinsurance, with related investment management.

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