MATRIX completed the acquisition of Piraeus Insurance Brokers.

MATRIX, a independent insurance broker, completed the acquisition of Piraeus Insurance Brokers, the broking arm of Piraeus Bank. Financial terms were not disclosed. "Our acquisition of Piraeus Insurance Brokers underlines MATRIX’s capacity to provide increasingly exceptional and added value services and benefits to existing and future clients, as well as to the larger corporate clients of the largest Greek bank," Dimitris Tsesmetzoglou, MATRIX Insurance and Reinsurance Brokers CEO.