M&A Deal Summary

Life Company Consolidation Group Acquires Generali Worldwide Insurance Company

On July 19, 2018, Life Company Consolidation Group acquired insurance company Generali Worldwide Insurance Company

Acquisition Highlights
  • This is Life Company Consolidation Group’s 3rd transaction in the Insurance sector.
  • This is Life Company Consolidation Group’s 3rd transaction in the United Kingdom.

M&A Deal Summary

Date 2018-07-19
Target Generali Worldwide Insurance Company
Sector Insurance
Buyer(s) Life Company Consolidation Group
Deal Type Add-on Acquisition

Target

Generali Worldwide Insurance Company

St. Peter Port, United Kingdom
Generali Worldwide Insurance Company Ltd. is a provider of single premium and regular premium unit-linked investment solutions to customers outside of the EU. In addition, it is a partner of Generali Employee Benefits (GEB) for the provision of protection and retirement products to multinational employers.

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Buyer(S) 1

Buyer

Life Company Consolidation Group

London, United Kingdom

Category Company
Sector Insurance
DESCRIPTION

Life Company Consolidation Group is a specialist European life assurance group. Its principal businesses are Utmost Wealth Solutions and Reliance Life, which are responsible for in aggregate £24bn of principally unit-linked policyholder assets for more than 250,000 customers. Utmost Wealth Solutions provides international savings, protection and investment solutions into the UK, Continental Europe and Asia from Ireland and the Isle of Man. Reliance Life Limited is a specialist UK run-off manager, focussed on the acquisition of traditional books of life business in the UK.


DEAL STATS #
Overall 3 of 3
Sector: Insurance M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 3
Country: United Kingdom M&A 3 of 3
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-15 Equitable Life Assurance Society

London, United Kingdom

Equitable Life operates as a mutual life assurance company in the United Kingdom. Equitable Life Assurance Society is the oldest mutual life assurance company in the UK. It has over 300,000 policyholders and manages assets of £6.3bn, from its offices in London and Aylesbury, Buckinghamshire.

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