Generali : Acquisition of Liberty Seguros for € 2.3bn
>Acquisition of Liberty Seguros, which is mainly a P&C insurer - Generali announced yesterday that it had signed an agreement with Liberty Mutual to acquire its subsidiary Liberty Seguros for an amount of around € 2.3bn in cash (the price will be adjusted upon the finalisation of the acquisition which is expected in Q2 2024). Liberty Seguros, which is headquartered in Madrid and generated premiums of around € 1.23bn in 2022, is present in Spain (63% of premiums), Port...Assicurazioni Generali is the parent company for The Generali Group (the Group), an insurance and financial services provider. The commercial offer is composed of savings and pure risks policies, which constitute the majority of the portfolio, which includes protection and pension funds. In the non-life sector the Group is focused primarily on the retail market. In addition, through the Europ Assistance Group, Co. is engaged in services in motor, travel, health, home and family. The Group has also expanded its business from insurance to a range of asset management, property and financial services.
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