M&A Deal Summary

Athora Holding Acquires Generali Belgium S.A.

On April 18, 2018, Athora Holding acquired insurance company Generali Belgium S.A. for 540M EUR

Acquisition Highlights
  • This is Athora Holding’s 1st transaction in the Insurance sector.
  • This is Athora Holding’s largest (disclosed) transaction.
  • This is Athora Holding’s 1st transaction in Belgium.

M&A Deal Summary
Date 2018-04-18
Target Generali Belgium S.A.
Sector Insurance
Buyer(s) Athora Holding
Deal Type Add-on Acquisition
Deal Value 540M EUR

Target

Generali Belgium S.A.

Brussels, Belgium
Generali Belgium S.A. is a provider of an insurance solutions to retail and corporate clients through a network of over 1,000 independent brokers. Generali Belgium was founded in 1901 and is based in Brussels, Belgium.

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Buyer(S) 1

Buyer

Athora Holding

Pembroke, Bermuda
Category Company
Founded 2014
Sector Insurance
DESCRIPTION

Athora Holding is a Bermuda-based insurance and reinsurance group established to be specialist solutions provider for the European insurance market. Athora Holding was founded in 2014 and is based in Pembroke, Bermuda.

DEAL STATS #
Overall 1 of 2
Sector (Insurance) 1 of 2
Type (Add-on Acquisition) 1 of 1
Country (Belgium) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-07 Athora Netherlands

Amstelveen, Netherlands

Athora Netherlands is a Dutch insurer that consists of a large number of well-known insurance brands: Zwitserleven, Reaal, Reaal Dier & Zorg, nowGo and the responsible asset manager ACTIAM. The company spreads its business over all the major subsectors of the insurance market, and leads the market for term life insurance products. Athora Netherlands was formed in 2014 and is based in Amstelveen, Netherlands.

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