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Italian insurer Assicurazioni Generali S.p.A. has completed the sale of its Belgian unit Generali Belgium S.A. to Bermuda-based reinsurer Athora Holding Ltd., Xprimm reports. Generali will continue to provide its global business lines and Europ Assistance insurance and assistance solutions in Belgium even after the sale. The sale forms a part of the group's strategy to optimize its geographical footprint and improve its operational efficiency and capital allocation.