Allianz to acquire TUA Assicurazioni from Generali for €280m.

Allianz, a financial services company, agreed to acquire TUA Assicurazioni, an insurance services firm, from Generali, an insurance and asset management provider, for €280m. "The acquisition of Tua assicurazioni perfectly fits within our strategy, growing our footprint in P/C with a focus on retail and SMEs. Since 2014 we have been successfully integrating three large groups of professional agents (Milano, SASA and recently Aviva), thanks to the depth and breadth of our products and the modern and efficient technical platform. We are confident that the new agents and their clients will benefit from joining Allianz," Giacomo Campora, Allianz CEO.