Family Owned Company

GrECo Group Specialist Insurance and Risk Management 30 Years Excellence in CEE

Our independence guarantees stability and predictability.

Who we are
We have been a privately-owned family business ever since the beginning. Our independence is a privilege: we are not responsible to stock market analysts or share prices, we are only committed to meeting the needs of GrECo target groups.

Our far-reaching network, the pioneering work in the CESEE region as well as the trust placed in us has made us the leading insurance brokers and consultants in the region. A pole position that we, a family business with strong roots in Europe, are particularly proud of.

What we do
In our risk and insurance management solutions for industry, trade, commerce and public sectors, we put the spotlight on individuality. At GrECo, we provide optimum security for clients’ employee, operational and financial risks and manages these risks at all levels.

Trust and proximity characterise our relationships with clients. Coupled with a broad spectrum of specialties and expertise, this enables us to precisely assess risks and tailor and optimise risk and insurance costs for our clients.

Family Members in Key Functions

As an owner-managed company GrECo is renowned for its reliability, stability and independence. The founding pioneer Friedrich Neubrand, his sons Georg and Fritz as well as grandson Markus are part of the family team.

Friedrich Neubrand was at the helm of the group for more than 40 years and has recently retreated into the role of owner. His son Fritz is Chairman of the Supervisory Board and is mainly responsible for the continued internationalisation of the Group.

Georg Neubrand heads the Finance & Administration department in his dual role. He is the guardian of GrECo´s financial strength and mastermind behind those administrative processes and procedures that secure our service quality.

Recently, Markus Neubrand joined the family company. He is the digital head of the family and involved in the digitisation of sales projects as well as administrative processes.

1925
1925

Foundation of an insurance consultancy by Josef Gregor in Vienna

1978
1978

The GrECo Group is established by Friedrich Neubrand

The GrECo Group is established by Friedrich Neubrand

1989
1989

Start of the expansion in CESEE with an office in Hungary

Start of the expansion in CESEE with an office in Hungary

1991-1998
1991-1998

Foundation of subsidiaries in Czech Rep., Slovakia, Slovenia, Croatia, Romania and Bulgaria

2001-2008
2001-2008

New operations in Poland, Serbia, Ukraine, Russia and Lithuania

2005
2005

Foundation of Joint Venture Ecclesia GrECo Hospital

2010
2010

Cooperation with Erste Group in CEE, broker acquisition of VMG in Austria

2013-2014
2013-2014

Setting up offices in Turkey and Estonia

2018-2019
2018-2019

Acquisition of Baltic Brokers IIZI and Sagauta

2021-2022
2021-2022

Acquisition of MAI, major broker in CEE, Transfer of the Russian operation to the local management

2023
2023

Foundation of GrECo North Macedonia office

Excellence in CEE

GrECo Group Excellence in CEE

We are present in 69 subsidiaries with more than 1200 employees.

Client proximity is not a buzzword for us, we live it every single day. It was also our main goal and key motivation when we expanded into Central and Eastern Europe in 1989 as one of the first insurance brokers and consultants to do so. Our subsidiary in Hungary marked the first step. New locations in several countries followed suit. Our unique presence in this region is a stable foundation for continued future growth.

30 Years Excellence in CEE

Our experience boasts a proven track record of more than 30 years. Back then, we established the first international insurance programmes. Today, our local client service teams take care of several hundred programmes reliably and professionally. The teams are fluent in English, our corporate language, and speak more than 20 languages within the Group.

Why Choose Us?

Trusted Partner

95+ years experience in risk and insurance management

Compliant Systems

Uniform and connected systems with full IDD & GDPR compliance

Easy Handling

Dedicated local teams handling international programmes

Strong Carrier Relations

Placing and negotiating power in the insurance market

One-stop Solution

69 GrECo-owned offices in the region as well as long-term broker partners

Specialist Insurance

Focus on specialty and industry specific risks

Read About CEE Insurance Markets

Special features of Insurance in Slovenia

Damir Pelak, General Manager and Jurij Rožej, Head of International Business at GrECo Slovenia talk about the exceptional COVID-19 year, a well-developed insurance market and some specifics of taxes in Slovenia.

Read More…
View All

Latest Company News

GrECo Christmas Charity

For many years we have been refraining from giving Christmas presents to our clients and partners and instead are supporting projects within our GrECo Foundation.

Read More

My Motivation Is to Find and Develop New Talents: Interview With Vladimír John

“My motivation is to find and develop new talents, create excellent teams and implement new ways of doing things, being the trendsetter in risk management and consultancy to help the customers protect and mitigate business risk and continuity. ” – interview with Vladimír John, our new Head of strategic partnership & business development in Czech…

Read More
View All

Petra Steininger

Head of Group Communications

T +43 664 548 55 58

Global solutions

GrECo Group Specialist Insurance and Risk Management International

GrECo nova – Expert in international client servicing

After the fall of the Iron Curtain GrECo was the first foreign broker to establish a subsidiary in Hungary in 1989. Our ambition back then was to be close to the client and to guarantee the best possible service abroad. This ambition became our guiding principle. Since 1994 GrECo has been offering international clients worldwide risk and insurance management and has set up a network of carefully selected expert brokers. Today. we operate in 17 countries in the CEE region, ensuring that our clients receive the assistance and services they need at their doorstep.

GrECo nova

GrECo nova, our global specialist insurance broking network, provides our clients with decisive benefits in all their global ventures.

Explore

International Client Services

The global expansion of a company offers many opportunities, but also involves several risks. With the entry and growth into new markets, new challenges arise also in the area of risk and insurance management.

Explore

Latest Insights

View All

Jonathan Höh

Group Sales & Market Coordination

T +43 664 962 39 20

Natalia Zaborovska

Natalia Zaborovska

Group Head of International

T +61 44 777 9001