(Finance) – The Boards of Directors of Alleanza Assicurazioni and Genertellife, in order to best respond to the changed macroeconomic context, as part of the overall project of rationalization of Generali Country Italiathey approved the merger by incorporation of Genertellife into Alleanza Assicurazioni.
The operation was also approved by the Boards of Directors of the direct parent company Generali Italy and the parent company General Insurance.
The operation is expected to succeed effective January 1, 2025subject to obtaining the necessary supervisory authorizations and fulfilling the related legal obligations.
The reorganization arises in continuity with the path undertaken at Country Italy level in terms of simplification corporate and adoption of a operative model aimed at improving the services offered to the customer, valorise the specialization of the different distribution channels, creating dedicated competence centers within Country Italy.
In particular, as a result of the merger the management of the bancassurance relationship will flow into Alleanza Assicurazioni relating to the policies intermediated by Banca Generali (BG Vita), to which Alleanza Assicurazioni will continue to guarantee services. As a result of the operation, Alleanza Assicurazioni will take over the existing contracts with Genertellife customers.