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Allianz

Generali to discuss possible Malaysia, Russia deals

Generali to discuss possible Malaysia, Russia deals

  • The Italian insurer is looking at assets of French rival AXA in Malaysia which could be worth around 700 million euros ($832 million), the sources said. It has also been looking at a possible acquisition in Russia.
  • The deals will be reviewed at a Generali strategic committee meeting on Tuesday and a board meeting the day after, one of the sources said, confirming an earlier report in Italian daily Il Sole 24 Ore.
Published 13 Apr, 2021 05:55pm
Allianz gets approval to set up insurance asset management firm in China
Markets

Allianz gets approval to set up insurance asset management firm in China

  • It also comes as China has fully opened up its giant financial sector, and is stepping up efforts to attract foreign investment amid tensions with the United States.
  • Allianz will set up the new entity through its China unit, Allianz (China) Insurance Holdings Co, which also owns a 51% stake in Allianz' Chinese life insurance venture.
Published 28 Jan, 2021 07:47pm