Generali to acquire La Médicale from Crédit Agricole Assurances for €435m.

Generali, a financial services company, is set to acquire La Médicale, a health insurance provider, from Crédit Agricole Assurances, an insurance services provider, for €435m. “The transaction will strengthen our presence in France, one of our core markets, and is fully in line with Generali’s ‘Lifetime Partner 24: Driving Growth’ strategy, launched in December. Thanks to the complementary skills and expertise of La Médicale, we will grow in the health and protection lines and the overall P&C business, while extending our Lifetime Partner ambition to an important customer segment. The acquisition also demonstrates our disciplined approach in evaluating opportunities, always looking to create value for all stakeholders," Philippe Donnet, Generali CEO.