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Life Company Consolidation Group (LCCG), which last year acquired AXA Isle of Man and rebranded it as Utmost Wealth Solutions, is to acquire Ireland-based Generali PanEurope, the companies announced today. According to Generali’s Trieste-based parent, the Generali Group, it will receive an initial €230m US$271m, £203.1m), plus interest accrued in the lead-up to the close, as […]
The Trieste-based Generali Group said today that it is selling its Dutch operations to ASR Nederland – a Dutch insurer that was created in the wake of the collapse of Fortis in 2008 – for €143m (US171m). In a statement announcing the deal today, Generali said the sale reflected the company’s strategy of seeking to “optimise […]
Switzerland’s EFG International is to acquire the Swiss private banking arm of Brazil’s beleaguered Grupo BTG Pactual for CHF1.33bn worth of cash and shares, it was announced today, ending days of speculation that a deal was imminent. Published reports of the sale of the division, BSI, highlighted speculation that EFG is hoping the deal will […]
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