Generali disengages from its non-life activities in Latin America

Generali has sold its non life insurance Panamanian subsidiary to ASSA Compañia de Seguros. The transaction amounts to 172 million USD.

The Italian insurer is aiming to reduce its costs by 235 million USD by the end of 2018. However, it remains active on the corporate market through its subsidiaries Generali Employee Benefits and Generali Global Corporate & Commercial.

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