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Wed, January 15, 2025
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Generali aims to ink initial asset management deal with Natixis by Jan. 20, sources say


Published on 2025-01-15 09:40:47 - Reuters
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  • Italy's top insurer Generali aims to reach a preliminary accord with Natixis Investment Managers to combine their asset management operations in order to submit the deal to its board on Jan. 20, two people close to the matter said.

Generali, Italy's leading insurer, is in advanced talks to finalize an initial asset management deal with Natixis by January 20, 2025, according to sources familiar with the matter. This agreement is part of Generali's broader strategy to expand its asset management business, aiming to enhance its offerings and potentially increase its market share in the sector. The deal with Natixis, a French financial services firm, would involve a partnership or acquisition that could help Generali leverage Natixis' expertise and client base in asset management. This move comes as Generali seeks to diversify its revenue streams beyond traditional insurance products, focusing on growth in asset management to meet its financial targets and improve its competitive positioning in the European market.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/generali-aims-ink-initial-asset-management-deal-with-natixis-by-jan-20-sources-2025-01-15/ ]
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