Allianz completes the acquisition of Aviva's P&C business in Italy

AllianzAnnounced in March 2021, the operation of the acquisition of Aviva's property and casualty activities in Italy by Allianz has been finalized.

This participation, worth 330 million EUR (383.237 million USD), has been acquired from Aviva Italia Holding. It concerns a portfolio equally divided between the motor and non-motor classes of business, with about 400 million EUR (464.53 million USD) of written premiums.

This acquisition allows the German group to increase its market share in Italy.

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