Assicurazioni Generali SpA has approached Brightsphere Investment Group Inc about a possible acquisition of the U.S. asset management firm, people familiar with the matter said on Friday. A deal would expand the U.S. footprint of Italy’s top insurer while enabling Brightsphere’s largest shareholder, hedge fund Paulson & Co, to cash out. There is no certainty… Continue reading Sources Say Generali Looking to Acquire U.S. Asset Manager Brightsphere
Tag: Generali
Allianz, Generali Said to Plan Life Insurance Asset Sales
Two of Europe’s largest insurers are gearing up to sell billions of euros in life assets — a niche corner of dealmaking keeping bankers busy amid the coronavirus pandemic. Allianz SE is planning to divest as much as 9 billion euros ($9.9 billion) of life insurance assets in countries including Italy, according to people familiar… Continue reading Allianz, Generali Said to Plan Life Insurance Asset Sales
Nationwide and Generali Announce Joint Venture to Offer Seamless Multinational Commercial Insurance Solutions
As businesses continue to expand across borders and compete internationally, they increasingly expect an insurance solution that will enable them to effectively manage global commercial risks. It’s why Nationwide Mutual Insurance Company (Nationwide), one of the largest insurance and financial services companies in the United States, and Generali, one of the largest global insurance and… Continue reading Nationwide and Generali Announce Joint Venture to Offer Seamless Multinational Commercial Insurance Solutions
Zurich Takes on European Rivals with New 2022 Targets
Zurich Insurance on Thursday raised its earnings targets for the next three years as Europe’s fifth-biggest insurer takes aim at rivals such as Allianz and Generali. Zurich’s three-year plan is “remarkably similar” to Allianz’s plan released in Nov 2018, Jefferies analysts said, pointing to Allianz’s strong performance since then and reiterating their “buy” rating on… Continue reading Zurich Takes on European Rivals with New 2022 Targets