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International

Generali to sell Belgian unit to Bermudian reinsurer

April 19, 2018 Reprints

Italy-based insurer Assicurazioni Generali S.p.A. plans to sell its Belgian operations to Bermuda-based reinsurer Athora Holding Ltd. for €540 million ($668.5 million) as part of its plans to reduce global business and increase capital, Reuters reported. The deal is expected to close in the second half of the year and will generate a capital gain of about €150 million for the insurer.

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Generali to sell Belgian unit to Bermudian reinsurer

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