Equities

Reuters exclusively reports Generali German life insurance portfolio sale talks

Reuters exclusively reports Generali German life insurance portfolio sale talks

Reuters exclusively reported that Italy’s Generali is soon expected to start exclusive talks over the potential sale of its 40 billion euro ($48 billion) German life insurance portfolio to private equity-backed Viridium. Italy’s biggest insurer is expected to sell its German Generali Leben unit, which is in a “run-off” process honoring existing policies but not issuing new ones, for about 900 million to 1 billion euros, people close to the matter have said.