Trieste/Munich – Further to its announcement on 5 July, Generali has today signed the transaction with Viridium Gruppe regarding the sale of Generali Leben, and the establishment of a broader industrial partnership with Viridium in the German insurance market. Terms and conditions of the transaction are as previously communicated. Giovanni Liverani, CEO of Generali Deutschland, commented: “The important partnership we have signed today will benefit all of our stakeholders. The agre
Total evaluation for 100% of Generali Leben up to €1 bln, incl. €125 mln as earn out in case of changes in the reservation rules. In addition, €882 mln of loans to be reimbursed to Generali Group; Life business in Germany rebalanced on Unit Linked, Hybrid and Protection products. Generali remains Germany’s second largest insurer; The transaction is in line with the Group’s strategic ambition of rebalancing its portfolio, significantly reducing exposure to interest
Trieste – Generali Group announces that 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, underscoring its commitment to growing its presence in the local insurance market. Generali’s presence in India is currently in the form of two joint ventures called Future Generali India Life Insurance Company Limited and Future Generali India Insurance Company Limited (Non-Life insurance). Through this transa
For the transmission and storage of regulated information, Assicurazioni Generali S.p.A. uses the eMarket SDIR transmission system and – respectively – the eMarket STORAGE storage system, available at www.emarketstorage.com and managed by Spafid Connect S.p.A., located in Foro Buonaparte 10, Milan, Italy.