1983 – Atlantic Insurance Company Ltd. was founded in July of 1983
Established in 1983 by a small group of ambitious and experienced insurers with a profound knowledge of the Cypriot market, the company set out to become a pioneer in the field of general insurance. Guided by its founders’ forward-looking vision, the company gained through the years a prominent position in its field.
2000 – Atlantic Insurance Company Ltd. was successfully listed on the Cyprus Stock Exchange in October of 2000
In October 2000, Atlantic Insurance Co. Ltd was listed on the Cyprus Stock Exchange. This gave a new impetus to the development program of the company. The money raised from the shares offered to the public allowed the company to fulfil its ambitious plans for growth through the acquisition of portfolios, introduction of new products and by entering new spheres of business activity.
2002 – Expanding in new spheres of business activities
In the year 2002 Atlantic proceeded with the establishment of Atlantic Consultancy Services Ltd and its subsidiary Atlantic Securities through which it entered dynamically in the financial services and stock brokerage sectors. The success of these two subsidiaries was beyond expectations.
2007 – Atlantic’s turnover surpasses €21 million, placing it among the leading general insurers of Cyprus
During 2007, the company achieved 5th position among the 30 insurance companies operating in the general insurance sector in Cyprus and the 2nd position among insurance companies that are not bank-owned.
2009 – Broadening its business environment
Another important milestone in our company’s phenomenal journey and a tangible expression of the confidence and trust it inspired among the business community, was the decision of Bank of Piraeus Cyprus Ltd (now AstroBank) in 2009 to become a 20% shareholder of ATLANTIC. Since then, thousands of AstroBank's clients have enjoyed the protection afforded by our diverse range of insurance policies.
2011 – Paid the largest claim in Cyprus
This financial robustness was successfully proven when ATLANTIC honored its contractual commitment by paying the biggest ever claim in Cyprusamounting to €132 million to the Electricity Authority of Cyprus, following the catastrophic explosion at Mari in July 2011.
2019 – Atlantic insurance Co. Public Ltd is delighted to officially announce a new partnership with Cyprus Airways
Cyprus Airways has established in the Cypriot market in 2016. Charlie Airlines has acquired the rights to use the Cyprus Airways trademarks and brand in 2015 when Cyprus Airways ceased its operation. The company offers a wide variety of Travel Insurance plans which can be purchased through Cyprus’ Airways online booking system, simplifying the way to buy an insurance. This new cooperation aims to offer a high standard protection in case of personal accident, loss of or damage to luggage and delays at the most favourable price.
2020 – Solvency II Ratio
Solvency II is the EU Directive covering the capital requirements and related suprevision for insurers. The main purpose of the new Directive is to ensure adequate policyholder protection in all EU Member States. ATLANTIC's Solvency Ratio II has stood for years well above the minimum requirement of 100%. This ranks our company among the insurance providers with the highest capital adequacy in Cyprus.