Generali completes acquisition of Liberty Seguros

Generali has finalized the acquisition of Liberty Seguros, operating in Spain, Portugal, the Republic of Ireland and Northern Ireland, from Liberty Mutual.

Valued at 2.3 billion EUR (2.5 billion USD), the transaction was announced on 15 June 2023.

Following the closing of the acquisition, Carlos Escudero, CEO of Generali España, has been appointed CEO of Liberty Seguros. Pedro Carvalho, Area Sales Manager for the Italian group, has been appointed Manager of the Portuguese branch.