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...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?