Agreement with Viridium for the sale of the
majority stake of Generali Leben and the
establishment of industrial partnership signed
13 July 2018 - 17:55
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 agreement will improve the profitability of our Life business, guarantee ongoing top-notch customer service and will offer new opportunities for our employees. Further, it will ensure additional investments in our strategy of being frontrunners in innovative and smart insurance solutions for our clients in the German market.”