Italian insurer Generali’s logo is seen on the company’s building in Milan, Italy November 5, 2018. REUTERS/Stefano Rellandini/File Photo MILAN, July 6 (Reuters) – Generali (GASI.MI) has agreed to buy Connecticut-based asset manager Conning Holdings as part of a partnership with Cathay Life, a unit of Taiwan’s Cathay Financial Holding (2882.TW) , the Italian insurer said on Thursday.
The deal, structured as an exchange of assets without a cash consideration, realises Generali CEO Philippe Donnet’s ambition of expanding into the asset management sector in the United States.
Advertisement · Scroll to continueUnder its current three-year plan, Generali had been seeking acquisition […]
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