M&A Deal Summary

Assicurazioni Generali Acquires AXA Insurance

On December 31, 2020, Assicurazioni Generali acquired insurance company AXA Insurance from AXA for 165M USD

Acquisition Highlights
  • This is Assicurazioni Generali’s 3rd transaction in the Insurance sector.
  • This is Assicurazioni Generali’s 2nd largest (disclosed) transaction.
  • This is Assicurazioni Generali’s 1st transaction in Greece.

M&A Deal Summary

Date 2020-12-31
Target AXA Insurance
Sector Insurance
Buyer(s) Assicurazioni Generali
Sellers(s) AXA
Deal Type Divestiture
Deal Value 165M USD

Target

AXA Insurance

Athens, Greece
AXA Insurance is an insurance company that offers a broad suite of products to more than 600,000 customers. It has 249 employees and distributes its products through a diversified distribution mix consisting of an exclusive bancassurance partnership with Alpha Bank, agents, brokers as well as direct distribution channels.

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Buyer(S) 1

Buyer

Assicurazioni Generali

Trieste, Italy

Category Company
Founded 1831
Sector Insurance
Employees81,879
Revenue 72.6B EUR (2022)
DESCRIPTION

Assicurazioni Generali is an Italian insurance company that acts as the parent to the Generali Group. The Group comprises insurance, holding, financial and real estate. Assicurazioni Generali was founded in 1831 and is based in Trieste, Italy.


DEAL STATS #
Overall 4 of 6
Sector (Insurance) 3 of 5
Type (Divestiture) 1 of 2
Country (Greece) 1 of 1
Year (2020) 2 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-24 Cattolica di Assicurazione

Verona, Italy

Cattolica di Assicurazione is an insurance company that provides life and non-life insurance products and services. The company offers individual insurance products and services for vehicles, health, assets and savings, travel and leisure, and house and family. Cattolica di Assicurazione was founded in 1896 and is based in Verona, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-12 Assicurazioni Generali - US Specialty Lines Division

New York, New York, United States

Assicurazioni Generali's US Specialty Lines Division also includes Generali Warranty Services LLC, a fully licensed obligor that provides services for warranty programs. Assicurazioni Generali's US Specialty Lines Division is based in New York City.

Sell -

Seller(S) 1

SELLER

AXA

Paris, France

Category Company
Founded 1852
Sector Insurance
Employees94,705
Revenue 93.1B EUR (2022)
DESCRIPTION

AXA is a provider of financial protection and asset management services primarily in western Europe, North America, the Asia Pacific region, the Middle East, and Africa. The Company offers a range of life and savings products, including individual and group savings retirement products, life and health products. Property & Casualty segment includes a range of products, including motor, property and general liability insurance for both personal and commercial customers. AXA was founded in 1852 and is based in Paris, France.


DEAL STATS #
Overall 14 of 15
Sector (Insurance) 13 of 13
Type (Divestiture) 13 of 14
Country (Greece) 1 of 1
Year (2020) 3 of 3
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-07 AXA Poland

Paris, Poland

AXA Poland offers a full range of Life and Savings (L&S), Property and Casualty (P&C), Pension, and Asset Management products and solutions to ca. 3.2 million customers. The company has 1,575 employees and distributes its products through two tailored multichannel networks, dedicated to P&C and L&S. It also benefits from an exclusive and multi-product bancassurance partnership with mBank.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-04 Maestro Health

Highland Park, Illinois, United States

Maestro Health is a provider of digital integrated platform encompassing a full set of health benefit administration services and third-party administrator services for self-insured companies, including care coordination solutions for employees, enabling companies to be more effective in lowering healthcare costs and empowering employees to make better health-related choices. Maestro Health was founded in 2013 and is based in Highland Park, Illinois.

Sell -