Generali Completes Sale of Belgium Unit to Bermuda Re/Insurance Group Athora

Article 0 Comments Assicurazioni Generali SpA announced the closing of the sale of its entire stake in Generali Belgium SA to Athora Holding Ltd. for approximately €540 million ($618.9 million). The deal was first announced on April 18, 2018. The company will be rebranded to Athora Belgium prior to the […]

Generali Hikes Stake in Indian Insurance Joint Venture to 49% from 25.5%

Article 0 Comments Generali Group has finalized its agreement to increase its stake in its Indian insurance joint venture with Future Group to 49 percent from 25.5 percent. Through this transaction, Generali has committed up to approximately €120 million ($137.3 million) to its Indian joint ventures: Future Generali India Life […]

Generali Earmarks €4 Billion ($4.6 Billion) for Acquisitions, Growth

Article 0 Comments Generali has earmarked up to four billion euros for acquisitions and growth as it looks to asset management and high-margin business in Latin America and Asia to fuel earnings. Italy’s top insurer — which generates most of its revenues in Italy, France and Germany — said in […]

Benetton Family’s Wealth Drops by $2B After Genoa Bridge Disaster

Article 0 Comments Fallout from the Genoa bridge disaster has erased about $2 billion of net worth from one of Italy’s richest families. The billionaire Benettons control 30.25 percent of Atlantia SpA, the construction company and toll-road owner that operated the Morandi Bridge that collapsed last Tuesday, killing at least […]

Generali Plans to Sell Wealth Management, Services Units for $476M

Article 0 Comments Assicurazioni Generali SpA agreed to sell wealth-management and service units in Ireland and Guernsey for 409 million euros ($476 million), pushing the Italian insurer above its target for international disposals. The Generali Worldwide and Generali Link businesses will be purchased by London-based Life Company Consolidation Group. An […]

Generali Agrees to Sell German Life Unit, Valued at $1.2B, to Viridium

Article 0 Comments Assicurazioni Generali SpA agreed to sell almost 90 percent of its German Generali Leben unit to a company owned by Cinven Ltd. and Hannover Re in a deal that values the business at about 1 billion euros ($1.2 billion.) The deal’s total value could be as much […]

Generali Likely to Start Exclusive Talks to Sell German Life Book to Viridium: Source

Article 0 Comments Italy’s Generali is expected to start exclusive talks shortly over the potential sale of its 40 billion euro ($48 billion) German life insurance portfolio to private equity-backed Viridium, a person close to the matter said. Generali and Viridium declined to comment, and people familiar with the matter […]

Generali Expands Stake in India’s Future Group to 49%

Article 0 Comments Generali Group announced it has signed an agreement with Future Group to increase its stake in its insurance ventures in India to 49 percent from 25.5 percent. Generali’s presence in India is currently in the form of two joint ventures called Future Generali India Life Insurance Co. […]

Generali to Sell Belgian Operations to Athora Holding for $668.3M in Cash

Article 0 Comments Italy’s Generali has agreed to sell its Belgian operations to Athora Holding Ltd. for approximately €540 million ($668.3 million) in cash. The transaction is expected to close in the second half of 2018, subject to regulatory approvals. Generali Belgium S.A. provides insurance solutions to 420,000 retail and […]

Generali Completes Sale of Panama & Colombia Operations to ASSA & Talanx

Article 0 Comments Assicurazioni Generali SpA announced the closing of the sale of its operations in Panama and Colombia. These two transactions, which were originally announced during the second half of 2017, are part of the group’s overall strategy to rationalize its international footprint and to improve operating efficiency and […]