Insurance industry news from Generali Investments Holding, Devonshire UW Limited, SageSure and more featured in weekly update. (Photo: Shutterstock)
Generali Investments Holding acquired Conning Holdings Limited. Conning and its Affiliates will continue to execute their growth strategies with support from their continuing owner, Cathay Life Insurance Co. Ltd. and new owner Generali. Cathay contributed its ownership in Conning and its Affiliates to GIH for a 16.75% share of GIH. As part of this transaction, Cathay has agreed to a minimum 10-year financial commitment in relation to specific insurance assets that will continue to be managed on its behalf by GIH, including Conning and its Affiliates.
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