M&A Deal Summary

Insurance of the Channel Islands Acquires Assicurazioni Generali Non-Life book Of Business

On February 3, 1999, Insurance of the Channel Islands acquired insurance company Assicurazioni Generali Non-Life book Of Business from Assicurazioni Generali

Acquisition Highlights
  • This is Insurance of the Channel Islands’ 1st transaction in the Insurance sector.
  • This is Insurance of the Channel Islands’ 1st transaction in Italy.

M&A Deal Summary

Date 1999-02-03
Target Assicurazioni Generali Non-Life book Of Business
Sector Insurance
Buyer(s) Insurance of the Channel Islands
Sellers(s) Assicurazioni Generali
Deal Type Divestiture

Target

Assicurazioni Generali Non-Life book Of Business

Italy
Assicurazioni Generali Non-Life book Of Business is a provider of maximum coverage for all lines of non-life business.

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Buyer(S) 1

Buyer

Insurance of the Channel Islands

Guernsey, Channel Islands

Category Company
Sector Insurance
DESCRIPTION

Insurance Corporation provides stability, local underwriting, local rates, local decision making and local leadership through a proven track record, brilliant claims service, caring community support and the strength of our RSA backing.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Italy M&A 1 of 1
Year: 1999 M&A 1 of 1

Seller(S) 1

SELLER

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 1 of 5
Sector: Insurance M&A 1 of 4
Type: Divestiture M&A Deals 1 of 4
Country: Italy M&A 1 of 2
Year: 1999 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-15 BSI SA

Lugano, Switzerland

BSI SA is a Swiss private bank specializes in private wealth management. It provides high net worth individuals, independent asset managers and family offices with a comprehensive range of products and services, from classic to alternative and innovative solutions.

Sell Fr.1.2B