Generali to acquire insurance portfolios from Ergo

clock • 1 min read

Italy-based insurer Generali is to acquire the life, non-life and composite insurance portfolios of three units from Ergo International's business in Hungary and Slovakia. The transaction, which is pending regulatory approval, will not have any effect on Ergo's existing clients, and is expected to strengthen Generali's presence in central and eastern Europe. Gross premium income across the three units at Ergo totalled €20.6m in 2017, according to Generali. Ergo International's chief operating officer Alexander Ankel said: "The agreement clearly shows that we consequently stick to o...

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Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.