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Generali finalises sale of PanEurope unit to LCCG
20th June 2018
Assicurazioni Generali SpA has completed the sale of its entire shareholding in its Ireland-based subsidiary, Generali PanEurope, to Life Company Consolidation Group (LCCG). Generali says the terms of the sale are in line with the transaction’s original announcement in December 2017, when it was revealed that Generali had agreed to ... Read the full article
Generali establishes new Employee Benefits branch in Luxembourg
29th May 2018
Italian insurer Assicurazioni Generali S.p.A. has announced that it has established a new branch in Luxembourg, which will be dedicated to its business in the Employee Benefits (EB) sector. The new branch will allow Generali to better meet the needs of global companies and their employees by consolidating the Group’s position ... Read the full article
Athora to purchase Generali Belgium for €540mn
19th April 2018
Athora Holding Ltd. has announced an agreement with Italian insurer Assicurazioni Generali S.p.A. to acquire a complete stake in its Belgian subsidiary, Generali Belgium S.A., for a cash consideration of approximately €540 million (US $667mn). Primarily focused on the life segment, Generali Belgium is the 11th largest insurer in Belgium and ... Read the full article
Generali completes sale of Panama and Colombia operations
16th April 2018
Italian headquartered global insurer Assicurazioni Generali S.p.A. has announced the closing of the sale of both its Panama and Colombia operations, for a consideration of approximately €170 million (US $210mn). Both transactions were originally announced during the second-half of 2017, and are part of the company's strategy to "rationalize its international ... Read the full article
Generali to underwrite more sustainable business and commit to green investments
22nd February 2018
Assicurazioni Generali S.p.A. has announced an underwriting commitment to increase the percentage of their premium portfolio related to the renewable energy sector, as well as invest €3.5 billion in ‘green’ sectors by 2020 and gradually divest away from coal-related companies. Generali intends to underwrite more business it classifies as sustainable by expanding ... Read the full article
Generali to sell Dutch operations to ASR Nederland
13th September 2017
The Generali Group has announced an agreement to sell its entire 98.56% stake in Generali Nederland N.V.(Generali Nederland) and its subsidiaries, to insurance group ASR Nederland. As part of ... Read the full article
RGA Re joins race to acquire Generali’s Netherlands operations
4th July 2017
Reinsurance Group of America (RGA Re) has reportedly joined the race to acquire the Netherlands operations of insurance giant Generali. Assicurazioni Generali, one of the largest insurance group's in the world, is actively trying to sell its Netherlands and Belgian operations, with RGA Re joining the race to acquire the Dutch ... Read the full article
Collapse of Zurich-Viridium deal highlights PE role in back-book consolidation: Moody’s
19th February 2024
The cancellation of Viridium Gruppe’s planned partial purchase of Zurich Germany’s life book has renewed concerns that regulators are scrutinising private equity (PE) backed consolidators in the life sector more closely, which may reduce the pace of back-book consolidation, Moody’s analysts have highlighted. In 2022 Zurich and Viridium started talks ... Read the full article
Alta Signa unveils European Marine underwriting unit
19th January 2024
Alta Signa, the European boutique managing general agent (MGA), has launched a new European Marine underwriting business, which is set to focus on core marine lines of business, backed by the firm's panel of insurance partners - Axeria IARD, SiriusPoint and Sompo International. The unit's team bring a deep level of ... Read the full article
Sukoon’s Syndicate 2880 at Lloyd’s obtains its DIFC licence
22nd December 2022
Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia region, has granted an operating licence to Sukoon’s Syndicate 2880. The new office at DIFC will be led by Amey Masurkar as the SEO and Syndicate Manager. Mike Davies will head International Marine and ... Read the full article
Insurance an “essential stabilizing force” amid uncertainty, concludes UN
25th October 2022
A new report by the United Nations Development Programme (UNDP) has concluded that insurance provides an essential stabilising force in the face of ongoing economic uncertainty for communities around the world, particularly for those living in vulnerable circumstances. The UNDP's Human Development Report was authored in partnership with Assicurazioni Generali and ... Read the full article
Potential moderate losses to specialty lines from Russia-Ukraine war – Moody’s
4th March 2022
A new note from Moody’s says that international insurers have little exposure from the fallout over Russia’s invasion of Ukraine, but specialty lines could be impacted. While insurance penetration is low in Russia and Ukraine, write Moody’s, with the local markets dominated by local players, it will be specialist lines that ... Read the full article
AXA wraps up €1bn sale of Central European businesses
16th October 2020
Insurance and investment giant AXA has completed the sale of its life & savings, property & casualty and pension businesses in Poland, Czech Republic and Slovakia to UNIQA Insurance Group for €1 billion. UNIQA had been pegged as one of three bidders in the running to secure AXA’s Central and Eastern ... Read the full article
AXA confirms €1bn sale of Central European businesses
10th February 2020
French insurance and investment giant AXA has confirmed that it plans to sell its operations in Poland, Czech Republic and Slovakia to UNIQA Insurance Group AG for €1 billion. UNIQA had been pegged as one of three bidders in the running to secure AXA’s Central and Eastern European operations after Read the full article
Three in race to buy AXA’s €1bn-rated Eastern Europe operations, reports
28th January 2020
There are currently three bidders in the running to secure the €1 billion-rated Central and Eastern Europe business operations of French insurance and investment giant AXA, according to a Bloomberg insider. Only the Italian insurer Assicurazioni Generali SpA and Austrian insurers Vienna Insurance Group and Uniqa Insurance Group are supposedly still ... Read the full article
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