Munich Re’s ERGO sells more insurance portfolios

Insurance Business America | April 08, 2019

Munich Re’s ERGO sells more insurance portfolios
It looks like Munich Re’s ERGO Group AG is not done offloading parts of its business. The insurance group – which consists of ERGO Deutschland, ERGO International, ERGO Digital Ventures, and ERGO Technology & Services Management – is selling the entire life, non-life, and composite insurance portfolios of three entities of ERGO International in Hungary and Slovakia to Generali. Subject to certain regulatory and anti-trust approvals, the transaction will see Generali snap up entities with a combined premium income of €20.6 million in 2017. The purchase price, as per the agreement between the two camps, will not be disclosed. Luciano Cirinà, Austria, CEE (Central and Eastern Europe) & Russia regional officer and chief executive of Generali CEE Holding, described the acquisition as another step forward to our successful journey of growth and investment into the Central and Eastern Europe area and fully aligned with our group’s strategy to further reinforce our leading position in Europe, in particular in the CEE region.

Spotlight

This Visualizing Health Policy infographic spotlights public opinion on health reform in the United States as of 2017. The largest percentage of Democrats and Republicans give top priority to lowering out-of-pocket costs for health care. However, other priorities vary by political party: 63% of Republicans versus 21% of Democrats view ACA repeal as a top priority, while 67% of Democrats versus 55% of Republicans view lowering the cost of prescription drugs as a top priority.

Spotlight

This Visualizing Health Policy infographic spotlights public opinion on health reform in the United States as of 2017. The largest percentage of Democrats and Republicans give top priority to lowering out-of-pocket costs for health care. However, other priorities vary by political party: 63% of Republicans versus 21% of Democrats view ACA repeal as a top priority, while 67% of Democrats versus 55% of Republicans view lowering the cost of prescription drugs as a top priority.

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