Talanx Group-backed HDI Assicurazioni to acquire Amissima Assicurazioni from Apollo Funds.

Germany-based insurer Talanx Group-backed HDI Assicurazioni, a non-life insurance provider in Italy, agreed to acquire Amissima Assicurazioni, an Italian non-life insurer, from Apollo Funds. The transaction is subject to customary closing conditions, including merger and regulatory approvals from the European Commission and certain insurance market regulators. Financial terms were not disclosed. “This bolt-on acquisition allows us to diversify our business activities by expanding our non-life insurance operations. It is in line with our strategy and will further enhance our position on the Italian market. Amissima is a perfect fit, since we want to expand our non-life insurance business,” Sven Fokkema, Talanx Member of the Board of Management responsible for the Retail International Division.