Asset management: Generali to acquire Conning Holdings Limited

Generali has acquired Conning Holdings Limited (CHL), the Taiwanese insurer Cathay Life's asset management company.

Under the terms of the transaction, Cathay Life's 100% stake in CHL will be transferred to Generali Investments Holding (GIH) in which Cathay Life will become a 16.75% minority shareholder.

Generali and Cathay Life will also enter into a long-term asset management partnership.

Pending regulatory approval, the deal is expected to be finalized during the first half of 2024.