Generali : Upgrade to amount of synergies expected for Cattolica
>Transition to IFRS 17 not set to significantly alter the group's operating result - Generali yesterday held a conference call on the expected impact of the transition to the new IFRS 17 accounting standards from 1 January, and it provided an update on the integration of Cattolica. Regarding the shift to IFRS 17, Generali believes that: 1/ it will naturally not impact the group’s capital and cash generation, the level of liquidity for the holding company, and the grou...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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