Eurobank has completed its acquisition of Fairfax Financial's 80% stake in the life insurance business of Eurolife FFH for about €813m in cash, Fairfax said on 29 October 2026.
Why Eurobank S.A. is buying Eurolife FFH life insurance business (80% from Fairfax)
The deal gives Eurobank full ownership of Eurolife's life insurance operations and deepens its bancassurance business in Greece.
Deal terms and financing
Eurobank signed a term sheet with Fairfax in October 2025 and a definitive share purchase agreement on 7 May 2026. Eurobank keeps a 20% stake in Eurolife's property and casualty business, in which Fairfax retains 80%.
Regulatory approvals and timing
All required approvals have been received and the transaction has closed.
Market context
Eurobank sold Eurolife during Greece's financial crisis as part of its restructuring. Toronto-based Fairfax has said it is focusing on property and casualty insurance.
