Emporiki Life on Thursday announced it was changing its name to Credit Agricole Life, reflecting the name of its parent company, French multinational Credit Agricole.

The company, founded in 2011,was a joint venture between Emporiki Bank and Predica - a life insurance company of Credit Agricole Assurances - and was fully purchased by Credit Agricole Assurances in late 2009.

The renaming of the company signals the French group’s decision to strengthen bonds between Credit Agricole Life and the parent company.
Richard Sutton, chief executive of Credit Agricole Life, said the move was designed to further enhance Credit Agricole Life’s position in the Greek market.