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GENERALI ENTERS EXCLUSIVE TALKS TO ACQUIRE LA MÉDICALE

Informa Insurance News 24

GENERALI ENTERS EXCLUSIVE TALKS TO ACQUIRE LA MÉDICALE

Generali has entered into exclusive negotiations with Crédit Agricole Assurances over the acquisition of La Médicale. Generali said the acquisition represents a “key strategic opportunity for growth” in line with its ‘Generali 2021’ strategy. The transaction would strengthen Generali’s health and protection lines and property/casualty business in France, the Italian insurer said. With annual premiums of €552m, La Médicale provides insurance to healthcare professionals in France through a specialised network of almost 125 general agents across 45 agencies. The transaction is expected to close mid-2022.

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