The Board of Directors is responsible for:

  • The guidance and control of the Company
  • Defining strategies and drawing up plans for their implementation
  • Monitoring, evaluating and reviewing the Company's performance against such strategic plans
  • The Compliance of the Company with Supervisory Standards and Regulations
  • Safeguarding Policyholders ’Funds
  • Maximizing the value of the Company for the benefit of its shareholders
  • The effective operation of the administrative organization and culture

In addition, the Members of the Board of Directors act as advisors to the Chief Executive Officer and the Executive Management and evaluate its performance.

Board of Directors



Executive Chairman and Chief Executive Officer since 2018.

Member of the Risk Management Committee and the Investment Committee

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Member since 2019.

Chairman of the Investment Committee.

Mr. Antoniades was born in Nicosia in 1967 and he is a businessman with many years of experience and knowledge in the financial sector. He holds a B.A. (econ) from Manchester University and he is member of the Institute of Chartered Accountants in England and Wales. Also, he holds the Advanced Certificate from the Cyprus Securities and Exchange Commission. He worked in KPMG (Manchester Office and Nicosia Office), in the Cyprus Development Bank (Investment Banking Division) as well as in the CLR as Director of the Investment Portfolio Management Department and in the EGNATIA Financial Services Limited group as Director of the Management Department from 2005 to 2007. Since October 2007, he is Director and shareholder in ARGUS group of companies that offers a full range of investment services to institutional and private investors for international and local markets. Mr. Antoniades holds positions on various boards of companies and investment funds and he is also member of the Board of Directors of CIFA (Cyprus Investment Funds Association).



Member since 2019.

Legal Advisor of the Board of Directors and the Company

Mr. Marios Hartsiotis was born in Nicosia and graduated from Acropolis A 'Lyceum. He studied at the Law School of the National and Kapodistrian University of Athens and did his internship (1987) at the Office of the Attorney General of the Republic. In 1990, he established his own law firm based in Limassol which in the course developed into one of the well-known law firms in Cyprus. He has extensive experience with insurance law and he has occasionally been a legal advisor to various insurance companies including the Motor Vehicle Insurers Fund and the Insurers Consortium. He is registered Referee at the Cyprus Center for Arbitration and Mediation and he is also a registered Insolvency Practitioner.



Member since 2005.

Member of the Executive Management and Member of the Risk Management Committee and the Investment Committee.

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Member since 2014.

Member of the Risk Management Committee and the Audit Committee

Mr. Malekos studied Economics at the London School of Economics with specialization in actuarial science. He is the founder and CEO of NewLife Insurance Consultants as well as Epos Insurance Agents from 1994 until today. He is consultant to Fred TV and Non-Executive Consultant to Hotforex-HF Markets (Europe) Ltd. He worked for Universal Life Insurance Company from 1983 to 1994, first as Insurance Team Manager and then as Sales Manager.



Member since 1993.

Member of the Executive Management and Member of the Risk Management Committee and the Investment Committee

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Member since 2021.

Mr. Andreas Philippou is Fellow Chartered Accountant member of the Institute of Chartered Accountants in England and Wales. In United Kingdom, he began his studies obtaining a BSc (Honors) in Hotel and Institutional Management and later a Master in International Business Administration which was in collaboration with a French university.

As a professional accountant, Mr Andreas Philippou has an international career, gaining experience in United Kingdom, Cyprus, Ukraine and Middle East. For the last 11 years, he has been a partner in major international auditing firms and has led audits of large multinationals and other prestigious organizations. Upon his return to Cyprus, he established in November 2020 the auditing firm Philippou Auditors Ltd where he is CEO. He is member of the Cyprus Association of Chartered Accountants.



Member since 2015.

Chairman of the Risk Management Committee

Mr. Siakas studied Economics and Commerce at the Athens School. He is Certified Public Accountant (Member of the Association of Chartered Certified Accountants), Certified Internal Auditor (CIA-Member of the Institute of Internal Auditors of USA), Certified Government Financial Manager (CGFM) and he holds Master degree in Human Resource. He is Director at Apserou Shiaka & Co Ltd from 2009 until today. He served as Director for the Audit Office of the Cooperative Foundation from 2000 to 2009. Also, he served as Senior Auditor in the Audit Office of the Republic of Cyprus from 1985 to 2000. Previously, he worked as auditor for accounting firms in London and Athens.



Member since 2019.

Chairman of the Audit Committee

Mr. Panikos N. Tsiailis studied in UK and he has degree in Business Studies. He is member of the Association of Chartered Accountants of Cyprus (SELK) and Fellow member of the Chartered Association of Certified Accountants (FCCA). He worked for Deloitte Haskins and Sells in England. In January 1979, he was employed in Cyprus by Coopers & Lybrand (later PwC). He became a partner on January 1, 1986. He was head of the tax and legal services department until a few months before his retirement in March 2013. During the same period, he was member of the executive board and PwC board of directors. He was member of the board of directors of SELK for twelve years, and two of them was chairman. For many years, he was collaborator of the Ministry of Finance in tax cases, in the negotiations for the European Union and the conclusion of bilateral international agreements on tax issues. Since March 2013, he offers consulting services to companies and individuals on issues of its specialty and vocational training.


Secretary of the Board of Directors - Lawyer


Advisor to the Executive Chairman and the Board of Directors

Mr. Christofides is the CEO of AKC Consult Ltd.

His career has been intertwined since 1979 with the auditing firm KPMG Cyprus where he served as CEO (2000-2018).

He is Member of the Institute of Chartered Accountants in England and Wales and Member of the Corporate Finance Faculty of that Institute.


Compliance Officer - Lawyer