Generali Completes Share Acquisition of Its Wholly-owned Chinese P&C Insurance Business

Milan – Generali announces the completion of the share acquisition of Generali China Insurance Company Limited (GCI). Having received all regulatory approvals, Generali now has full ownership of its Property and Casualty (P&C) insurance business in China.

The impact on the Generali Group’s Regulatory Solvency Ratio is around -1 p.p.

As a wholly-foreign-owned entity, GCI will now operate under the Generali brand in China, fully in line with Generali’s strategy and allowing the local business to capitalise on the fast-growing market in China.