Generali successfully completed the legal merger of its subsidiaries in Portugal
01 October 2020 - 18:44
Milan – After the completion of the acquisition of Seguradoras Unidas S.A. in Portugal earlier this January, Generali concluded the process of the legal merger of all its 100% owned Insurance subsidiaries in Portugal on October 1st 2020.
Seguradoras Unidas S.A. incorporated Generali Companhia de Seguros, S.A and Generali Vida Companhia de Seguros S.A. and has changed its name to Generali Seguros, S.A.
All the required approvals were successfully obtained from the regulatory authority for the proposed transaction within 4 months enabling Generali to maintain its fast paced integration project and growth plans for the country.
Pedro Carvalho will be the CEO of the combined entity in Portugal, directly reporting to Jaime Anchústegui, CEO International of Generali.