Who we are

Our life journey and yours

Our story

It all started helping others prepare themselves for the future.

The seed was planted over 30 years ago when Ancoria founder Sievert Larsson, a Swedish Entrepreneur, started an insurance company in Cyprus together with his friend, Roger Akelius.

Today Ancoria Insurance is a Life Insurance company that specialises in financial planning through life insurance policies for individuals and occupational pension schemes for Cypriot corporations.

A significant milestone for Ancoria was year 2007, when Sievert made the decision to donate all his shares to the Sievert Larsson Scholarship Foundation, thus dedicating his life to helping others build better futures for themselves.

Sievert’s mission - to provide educational opportunities to underprivileged children around the world— has been the backbone of everything Ancoria has accomplished as a company since.

Today, Ancoria continues to help people build better futures, by making financial security happen with flexible solutions for every life milestone.

The Sievert Larsson Scholarship Foundation, our majority shareholder, is still an inspiration for everything we do. The majority of our profits go towards the Foundation to help underprivileged children secure the educational opportunities they deserve. To learn more about how we give back to the community, click here.

Our commitment

Transparency. Security. Diversification. Support.

Shaping your financial future has never been that simple.

As a Life Insurance company, we operate under a strict regulatory and legal framework offering several layers of protection for your assets which means that you only have to worry about finding the investment strategy that meets yours goals.

Our innovative and user-friendly online portal allows you to remain updated on the performances and status of your investments.

We do not hold hostage our clients’ funds through restrictive contracts and prolonged lock-up periods. Instead our products aim is to meet your needs and offer you maximum flexibility.

The Ancoria team is highly responsive and is always available to respond to your needs and requests.

Disciplined investment process

We consistently apply a thorough investment process in all our Funds, refined over more than three decades and tested in different market conditions.

Open access

We give you open access to our latest fund prices, performances and fund assets, so you always know exactly how your money is being invested.

Open architecture

We select our investments based on independent screening and recommendations from our international partner institutions, being always impartial and objective.

One-on-one guidance

When you seek guidance from Ancoria, you’ll be speaking to a member of our experienced team, who can help you understand your options, so you can make better financial decisions for your future.

Beyond security

Solvency ratios are a way for investors to judge how seriously an insurance firm takes its ability to meet its short- and long-term liabilities. This is why our solvency ratio is consistently among the highest in Cyprus and well above the EU average.

Globally diversified solutions

Our global funds offer diversification at various levels, thus minimising the investment risk. Choose from a plethora of Funds that best suit your investment profile.

Our people

Board

Sievert Larsson

Founder

After completing his studies, Sievert pursued his professional career as a programmer and IT specialist with the Swedish Ball Bearing Factory SKF, until 1977.

With Roger Akelius, Sievert founded and ran several successful companies, including Ancoria. On 1st July, 2007 Sievert donated all his Ancoria Insurance shares to the Sievert Larsson Scholarship Foundation. All profits from the insurance company were henceforth used for charitable purposes.

John Loizou

Chairman of the Board

John was appointed Chairman of the Board in 2007. He holds the position of Director and Chief Executive Officer of Ancoria Bank since its establishment in 2014. Previously, he was Chief Executive Officer for Ancoria Insurance, where he began working in 1989.

John studied at Queens College New York, has a postgraduate degree from the Bernard M. Baruch College of the City University of New York and is a member of the Association of International Certified Public Accountants.

Tasos Anastasi

Chief Executive Officer / Board Member

Tasos was appointed Member of the Board in 2015 after becoming Ancoria’s Chief Executive Officer. He has been working in financial services since 1999, in the UK, Greece and Cyprus, mainly in wealth management. He was Head of the Business Development Unit for the Wealth Management Division of Eurobank (Cyprus) from 2007 until 2014.

Tasos has a Master's Degree in Finance from the London Business School and a BSc in Accounting & Finance from the London School of Economics and Political Science.

Maria Konomou

Deputy CEO & Chief Financial Officer / Board Member

Maria joined Ancoria Insurance in 1996 and was appointed a Member of the Board in 2015. She has held the position of Chief Financial Officer since 2007. At the beginning of 2019, she was appointed Deputy CEO. Previously, she worked as an accountant.

Maria is a Certified Public Accountant from the University of the State of New York, a member of the American Institute of Certified Public Accountants (AICPA) and a member of the Institute of Certified Public Accountants of Cyprus (ICPAC). She has a BBA in Accounting and Finance from Baruch College, the City University of New York.

Afxentis Zemenides

Board Member

Afxentis Zemenides was appointed a Member of the Board in January 2019. He has worked for KPMG (Cyprus), Limassol Cooperative Savings Bank and Cyprus Cooperative Bank (CCB). He held major managerial positions at CCB, including Regional Manager for Restructurings (Limassol and Paphos) and Limassol Regional Manager for Retail Banking.

Afxentis is a Chartered Certified Accountant, a fellow of the Association of Chartered Certified Accountants (FCCA), and a member of the Institute of Certified Public Accountants of Cyprus (ICPAC). He has an MBA from the University of Kent, UK.

Christos Ierodiakonou

Board Member

Christos was appointed a Member of the Board in December of 2018. He has worked for Deloitte Ltd (Cyprus), MRI Alpha Audit and he is currently a member of the Board of Directors of Ekkeshis Ierodiakonou Limited, an independent provider of professional services in Cyprus. He has extensive knowledge and experience in audit and financial reporting as well as direct tax and VAT.

Christos is a qualified chartered accountant, a fellow of the Institute of Chartered Accountants in England and Wales and a member of the Institute of Certified Public Accountants of Cyprus (ICPAC). He graduated from Imperial College London with a BSc in Mathematics and Statistics with a First Class Honours Degree.

Senior Management

Minas Mettas

General Manager, Sales Division

Minas joined Ancoria in 2015 and currently holds the position of General Manager of the Sales Division. Minas has worked in financial services throughout his career and has held various positions in private banking, asset management and investment banking both in the UK and Cyprus. Prior to joining Ancoria, Minas was a Senior Financial Advisor in Private Banking at Eurobank Cyprus.

Minas holds an MBA from London Business School with a concentration in Finance and an MEng in Information Systems Engineering from Imperial College London. Minas also holds an Advanced Certificate from the Cyprus Securities and Exchange Commission.

Christis Michaelides

General Manager, Limassol District

Christis joined Ancoria in 2015 and currently holds the position of General Manager of the Limassol District. He has a diverse professional background and has worked in the United States as a qualified financial adviser. He has held various managerial positions in Cyprus in financial services, telecommunications and in the international corporate and fiduciary sectors.

Christis holds a Master's Degree in Marketing and is a member of the Chartered Institute of Marketing. He is currently on the Board of Directors, and the VP for Sweden, of the Cyprus Nordic Countries Business Association.

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