M&A Deal Summary

Assicurazioni Generali Acquires Liberty Seguros

On January 31, 2024, Assicurazioni Generali acquired insurance company Liberty Seguros from Liberty Mutual Group

Acquisition Highlights
  • This is Assicurazioni Generali’s 6th transaction in the Insurance sector.
  • This is Assicurazioni Generali’s 1st transaction in Spain.

M&A Deal Summary

Date 2024-01-31
Target Liberty Seguros
Sector Insurance
Buyer(s) Assicurazioni Generali
Sellers(s) Liberty Mutual Group
Deal Type Divestiture

Target

Liberty Seguros

Madrid, Spain
Liberty Seguros is a provider of non-life insurance and reinsurance products and services. Liberty Seguros was founded in 1966 and is based in Madrid, Spain.

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Buyer(S) 1

Buyer

Assicurazioni Generali

Trieste, Italy

Category Company
Founded 1831
Sector Insurance
Employees87,909
Revenue 58.5B EUR (2024)
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 7 of 8
Sector: Insurance M&A 6 of 6
Type: Divestiture M&A Deals 2 of 2
Country: Spain M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-24 La Médicale

Paris, France

La Médicale is a provider of an insurance services for healthcare professionals. La Médicale was founded 1948 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-04 Generali Life Assurance Philippines

Philippines

Generali Life Assurance Philippines offers insurance solutions and services to policyholders and stakeholders in the Philippines.

Sell -

Seller(S) 1

SELLER

Liberty Mutual Group

Boston, Massachusetts, United States

Category Company
Founded 1912
Sector Insurance
Employees50,000
DESCRIPTION
Liberty Mutual office in Charlotte, North Carolina.
Liberty Mutual office in Charlotte, North Carolina.

Liberty Mutual Group is an insurance company. Liberty offers a wide range of insurance products and services, including personal automobile, homeowners, accident & health, commercial automobile, general liability, property, surety, workers compensation, group disability, group life, specialty lines, reinsurance, individual life and annuity products. Liberty Mutual was formed in 1912 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 7 of 9
Sector: Insurance M&A 7 of 9
Type: Divestiture M&A Deals 7 of 9
Country: Spain M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-09 Fetch

Virginia Beach, Virginia, United States

Fetch is a cutting-edge technology platform used to streamline the process whereby car-buying customers shop for auto insurance while at car dealerships. Fetch is based in Virginia Beach, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-03 LMG Insurance in Thailand

Bangkok, Thailand

LMG Insurance in Thailand offers a range of consumer and commercial P&C products, including Automotive, Accident & Health and Non-Motor insurance such as fire/property and industrial all-risk. LMG Insurance in Thailand is based in Bangkok, Thailand.

Sell -