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.

Generali Group

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Generali is one of the largest integrated insurance and asset management groups worldwide. Established in 1831, it is present in over 50 countries in the world, with a total premium income of € 95.2 billion and € 863 billion AUM in 2024. With around 87,000 employees serving 71 million customers, the Group has a leading position in Europe and a growing presence in Asia and Latin America. At the heart of Generali’s strategy is its Lifetime Partner commitment to customers, achieved through innovative and personalised solutions, best-in-class customer experience and its digitalised global distribution capabilities. The Group has fully embedded sustainability into all strategic choices, with the aim to create value for all stakeholders while building a fairer and more resilient society.

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