Generali has reached an agreement for the sale of its Irish and Northern Irish P&C operations, carried out through the Irish and UK (Northern Ireland) branches of Generali Spain under the RedClick brand, to Zurich Insurance Europe AG and Zurich Insurance Company Ltd, UK Branch, both part of the Zurich Insurance Group, for €337 million in cash.
Generali noted that the transaction aligns with its focus on core insurance markets, where it already has significant scale and a leading presence, and complements its ‘Lifetime Partner 27: Driving Excellence’ strategic plan.
