Euresa Holding S.A., created in 1990, with a capital of 10 million euros, is an instrument for joint investment and shareholding in European insurance companies of the Social Economy.
Current members of Euresa Holding are the companies Macif and Maif (France), P&V (Belgium) and UNIPOL (Italy).
Euresa Holding is responsible for the management, control and evaluation of the investments that it holds in European insurance companies of the Social Economy through its participation in the Board of Directors, the analysis and follow-up of results, and when necessary the recapitalisation of the company.
In addition to this financial role, Euresa Holding responds to the political and strategic objectives of its members by contributing to:
- Development of technical and economic partnerships across Europe (life insurance, assistance, etc.)
- Enlargement of the Euresa network. In 2005 Sagres and Syneteristiki became associate members of the EEIG, opening the way to new collaboration among the members of the enlarged Euresa (for example, extension of the territory covered by the network for reciprocal service to policyholders)
- Promotion of insurance in the European Social Economy
This joint investment instrument has resulted in the creation of three companies:
- EURESA-Life (Luxembourg - established in 1993), selling FPS life insurance products, mainly in Belgium, Italy, Spain and France.
- MACIF PORTUGAL (established in 1996), Portuguese property insurance company created in collaboration with the trade unions and cooperatives in this country. It was called EuresaP, then Sagres. It is presently managed by the Macif Group.
- TÜW-Mutual (Poland - established in 1992), the first mutual insurance company created since 1939 in the countries of Eastern and Central Europe. Macif, Maif and P&V have maintained direct links with this company.
It has also contributed to the development in Greece of SYNETERISTIKI S.A., a property insurance company originally created in 1978 by the Greek agricultural and consumer cooperatives, and provided technical support in the 1990s to insurance companies in Central Europe (eg. in the Czech Republic and Slovakia).