In 1987, the two partners started an insurance company in Cyprus, which was renamed to Ancoria Insurance after Sievert acquired Roger’s shares in the company. Ancoria Insurance Public Ltd, offers savings and investment products under a Life Policy and Sievert served as the company’s first President and has been a member of the Board of Directors ever since.
In 2007, he donated all of his shares of Ancoria Insurance to the Sievert Larsson Scholarship Foundation. All profit from the insurance company has since been used for charitable purposes.
Ancoria Insurance Public Ltd
Ancoria Insurance Public Ltd, one of the major shareholders, is a company founded by Sievert Larsson and Roger Akelius, both of Swedish origin. The company is registered and located in Cyprus since 1987. It offers customised savings and investment solutions to the global markets via funds, structured products and equity trading under a Life Policy.
The Sievert Larsson Scholarship Foundation
The Sievert Larsson Scholarship Foundation’s primary purpose is to facilitate the education of promising students from disadvantaged backgrounds. The Foundation will also facilitate the education of a few high calibre students who have exhibited excellence through their academic achievements.
The Foundation currently awards scholarships to Thai and Cypriot students, mainly for undergraduate and postgraduate programmes. In 2014, the Foundation has distributed more than 1,200 scholarships.
Alastoral Property Co Ltd
Alastoral Property Co Ltd is a company incorporated in Cyprus since 2016. The Company has as its principal activities the ownership of real estate properties for rental income.
Division of share capital
|Ancoria Insurance Public Ltd
|The Sievert Larsson Scholarship Foundation
|Alastoral Property Co Ltd
|4 other private investors