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| Name | Symbol | Market | Type |
|---|---|---|---|
| Scor SA (PK) | USOTC:SCRYY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 2.19 | 1.90 | 2.35 | 0.00 | 12:11:12 |
From Jul 2019 to Jul 2024
Italian insurer Assicurazioni Generali SpA (G.MI) said early Tuesday it has agreed to sell its U.S. life reinsurance business for $920 million to SCOR SE's (SCRYY, SCR.FR) Global Life.
In a filing to the Italian stock exchange, the company said the sale of its U.S. operations, which is part of its noncore asset disposal plan, will generate a net capital gain of approximately $150 million, the Italian insurer said.
The closing date of the sale, which is subject to regulatory approvals, is scheduled for Sept. 30, it added.
In 2012, the group's U.S. business registered a net premium income of $925 million with a $62 million profit.
After the sale, Generali will continue to operate in the U.S. in the property and casualty insurance sector through its New York branch, the company said.
Exchange website: www.borsaitaliana.it
Write to Enza Tedesco at enza.tedesco@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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