Olympic Insurance Presents New Board of Directors

USA Profile Username: jon@newsinnovations.com / edit profile Olympic Insurance Presents New Board of Directors PR Newswire NICOSIA, Cyprus, May 19, 2016 NICOSIA, Cyprus, May 19, 2016 /PRNewswire/ -- The Cyprus-based insurance company Olympic Insurance Company Limited which was acquired by NYSB Financial Group Luxembourg presented its new board of directors on 7 and 8 April 2016.   Following NYSB Financial Group Luxembourg's acquisition of Olympic Insurance Company Limited last December, the company presented its new Board of Directors in two events held on 7 and 8 April in the Cyprus Hilton Nicosia and Hotel St Raphael in Limassol.      (Logo: http://photos.prnewswire.com/prnh/20160517/368707LOGO ) At the Nicosia event, a representative was present from the Insurance Companies Control Service which is the insurance regulatory branch from the Ministry of Finance in Cyprus. At both the Nicosia and Limassol events, all members of the Board of Directors were present including the new President and Managing Director of the company. Olympic Insurance Company Limited is an insurance company headquartered in Nicosia (Cyprus) who currently has operations in the Cypriot and Bulgarian markets. Following the acquisition, the company now holds assets of 22 million euros with a solvency ratio of 200%. NYSB Financial Group Luxembourg acquired Olympic Insurance Company Limited with the objective of increasing its market share in the markets in which it currently operates and to expand its operations into other European markets. NYSB Financial Group Luxembourg is a holding company based in Luxembourg and is composed of various companies specialised in the financial, banking and private sector. About Olympic Insurance   Olympic Insurance Company Limited is an insurance company based in Cyprus and was founded in 2001. In 2009 it acquired the first available insurance licenses in Bulgaria. In the same year, it extended its licenses in order to provide a wide range of insurance products to both the private and business sectors in Bulgaria. At the end of 2015, NYSB Financial Group Luxembourg acquired 100% of the company. Link to Website  http://nysbfinancialgroup.com/en/wNews/news/view/4/olympic-insurance-presents-new-board-of-directors For more information: Ms Gemma Revilla email: grevilla@nysbfg.com Correspondence Address Olympic Insurance Company Limited, Stasandrou 26, SEK Building, 3rd & 4th Floor, 1060 Nicosia (Cyprus) Web site http://www.olympicins.eu/index.php/en/ Telephone +357-22-442-144 Fax +357-22-442-145 Follow Us To change the settings for your profile(s) or email delivery, go to https://prnmedia.prnewswire.com/profile/?action=editProfile and select the profile you would like to edit. You can select the industries, subjects, languages, geographical areas, companies, delivery options and delivery frequencies of your choice. In addition to current press releases, you can also find archived news, corporate information, photos, tradeshow news and much more on the PR Newswire for Journalists website: https://prnmedia.prnewswire.com To contact us, email: mediasite@prnewswire.com Please do not reply to this email; this is an automatically generated message. Copyright © PR Newswire Association LLC. All Rights Reserved. A UBM plc company. Our mailing address is: 350 Hudson Street, Suite 300 New York, NY 10014-4504