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Who We Are

Specialist Insurance and Risk Management

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.

Excellence in CEE

In 1989, we were one of the first insurance brokers and consultants to expand into Eastern Europe. Today, we manage 65 offices in the region from our headquarters in Vienna.

1,300
employees
153
million EUR turnover
1,300
million EUR placed premium
65
offices in 17 countries
95+
years experience
150
serviced countries worldwide

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

Latest News

Petra Steininger

Head of Group Communications

T +43 5 04 04 – 175