Cosevad, a life insurance subsidiary of Generali France, agreed to acquire a majority stake in Altaprofits, an insurance agent and broker. Finanial terms were not disclosed. "It is a highly coherent project through the complementarity of the know-how of the teams of the two entities, which are driven by a common culture of advice and customer service. Altaprofits has been an entrepreneurial success on the online savings market for 20 years, which has always been a pioneer, daring and innovative. I would like to salute the talent and vision of its founders who were able to detect before the others the immense potential that the Internet represented on the life insurance market. This merger could provide additional momentum to Altaprofits at a time when, more than ever, clients need clear and relevant advice, given the complex and uncertain financial environment," Stellane Cohen, Cosevad CEO.