9 January 2020Insurance

Generali completes the acquisition of Seguradoras Unidas and AdvanceCare

Global insurer Generali has finalised the acquisition in Portugal of 100 percent of the company Seguradoras Unidas and the service company AdvanceCare from Calm Eagle Holdings and Calm Eagle Parent Holdings II, entities majority owned by investment funds managed by certain affiliates of Apollo Global Management.

Generali has received the required approvals from all relevant regulatory bodies and competition authorities and therefore completed the transaction announced on 18th July 2019.

Pedro Carvalho will be the CEO of the insurance entities of the Generali Group in Portugal (Generali Vida, Generali Seguros, Seguradoras Unidas), directly reporting to Jaime Anchústegui, CEO International of Generali.
Carvalho joins the group after a significant experience in senior management roles within the insurance industry.

Already registered?

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

Insurance

Apollo appoints head of ibott and deputy active underwriter of ibott SPA 1971 at Lloyd’s

21 January 2020 He has been with Apollo since 2013.

Insurance

Generali’s operating results rise

7 November 2019 P&C technical profitability remained high with a combined ratio of 92.5 percent

Insurance

Generali looks at mid-size insurers as acquisition targets to boost growth

3 October 2019 Italian insurer Generali is set to spend some €3 billion acquiring smaller and mid-size insurance companies and asset managers, its chief executive Philippe Donnet. told Bloomberg in an interview.

Allianz Commercial flags rising nuclear verdicts on loss trends watchlist

Zurich may slash life segment reinsurance buys to hold more margin

Markel snags Aegis London underwriter to bolster marine cargo portfolio

ACORD taps London market specialist to guide growth strategy

Aon lifts long-serving insider for global data and analytics push

Zurich targets mid-market and specialty in commercial growth plan

RGA inks $4.1bn coinsurance transaction with Manulife’s John Hancock

Aon’s NFP boosts New York footprint with employee benefits acquisition

Generali completes the acquisition of Seguradoras Unidas and AdvanceCare

More on this story

Editor's picks

Editor's picks

More articles