**Anytime Expands in Cyprus with Acquisition of Gan Direct Insurance Portfolio**
*5 September 2026*
In a strategic move to strengthen its presence in the Cypriot insurance market, Anytime, the digital brand of Interamerican Group and part of Achmea, has announced the acquisition of the motor and property insurance portfolio of Gan Direct Insurance. This acquisition signifies a new chapter for Gan Direct, which has established itself as the first direct insurance company in Cyprus, known for providing simple and accessible insurance solutions to its customers.
George Nicolaides, the CEO of Gan Direct Insurance, expressed his enthusiasm for the acquisition, stating, “I founded Gan Direct more than 30 years ago with the ambition of making insurance simpler, more accessible and fairer for customers in Cyprus. Today, we are taking an important strategic decision that opens the next chapter for our company.” He emphasized that this agreement with Anytime will allow Gan Direct to focus more intensively on areas where they can create greater value in the future.
The acquisition is expected to enhance Anytime's position as a leading insurer in Cyprus. Yiannis Kantoros, CEO of Interamerican Group, highlighted the significance of this acquisition, stating, “This acquisition marks another important step in our growth strategy and will strengthen our position as a regional player in digital insurance.” He noted that Anytime’s innovative approach, characterized by a digital-first model, has transformed the insurance experience for consumers.
With a presence in Greece, Cyprus, and Romania, Anytime has demonstrated its capability to adapt and respond to the diverse needs of different markets. Kantoros added, “Gan Direct has built a strong name in the Cypriot market in direct insurance, and with the integration of its non-life portfolio, we will further strengthen our momentum, creating greater value for our customers.”
The acquisition is subject to the approval of relevant regulatory authorities and the completion of all legal procedures. This strategic alignment is poised to benefit both companies, as Anytime aims to leverage Gan Direct’s established reputation while Gan Direct seeks to enhance its focus on specialization and high-value-added insurance services.
As the Cypriot insurance market continues to evolve, this acquisition could signal a shift towards more integrated and customer-centric insurance solutions, aligning with the growing demand for digital services in the sector. The move is anticipated to not only bolster Anytime's market share but also enhance the overall insurance landscape in Cyprus.
In related news, the weather in Cyprus has taken a turn, with rain affecting the mountain areas, although conditions are expected to improve later. Additionally, President of Cyprus has denied prior knowledge regarding a controversial €595,000 limousine purchase, which has garnered public attention.
As Anytime and Gan Direct embark on this new partnership, the insurance community in Cyprus will be watching closely to see how this acquisition unfolds and impacts the market dynamics in the coming months.