Announced
Completed
Financials
Tags
United States
insurance services
asset management
Asset Managers and Custodians
Acquisition
Majority
Private
Cross Border
Friendly
Single Bidder
Completed
Synopsis
Generali, an insurance services provider, completed the acquisition of Conning, an asset management company, from Cathay Life, an insurance broker. Financial terms were not disclosed. "We are excited to embark on this long-term partnership with Generali, with identified growth areas and synergies in mind and to leverage our shared insurance industry heritage. Conning's hallmark is delivering world-class performance and service for clients. This will remain our steadfast focus going forward," added Bradford," Woody Bradford, Conning Chief Executive Officer.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.