Generali
Generali Worldwide opens first Swiss office
The move sweetens the firm’s acquisition by Utmost Wealth Solutions
Utmost Wealth to expand worldwide with Generali acquisition
Utmost Wealth Solutions will extend its operations to Latin America, the Middle East and Far East following its acquisition of Generali Worldwide.
Generali to sell majority stake in German life company
Italy’s Generali Group has agreed to sell a majority stake in Generali Leben to a German life insurance portfolio management company, in a deal that values the business at around €1bn (£882m, $1.17bn).
Generali doubles up in India
Italy’s Generali Group is increasing its stakes in two insurance joint ventures in India to 49% up from 25.5%, “underscoring its commitment to growing its presence in the local insurance market”.
Utmost Wealth Solutions on track to hit €30bn in assets
Isle of Man-based insurer Utmost says it is on course to reach its “near-term” target of €30bn in assets under management, as it confirms the rebrand of recently acquired Ireland-based Generali PanEurope.