Generali and Central Bank of India formed a joint venture.

Generali, a global insurance and asset management provider, and Central Bank of India, an Indian public sector bank, formed a joint venture. Financial terms were not disclosed. “This partnership is a strong vote of confidence in our business in India. Working with Central Bank of India is an opportunity to go from strength to strength in an important growth market for Generali and comes at a good time on the back of the launch of our new strategic plan. Our combined strengths have the potential to carry our Lifetime Partner proposition to new heights – from better brand recognition to enhanced distribution capabilities, all supported by our strong strategy,” Rob Leonardi, Generali Group Asia Regional Officer.