This post was originally published on this site
https://i-invdn-com.investing.com/news/LYNXMPEB59082_M.jpg
Tua Assicurazioni’s gross written premiums in 2022 amounted to approximately €280 million (EUR1 = USD3849049), managed through a distribution network of nearly 500 agents. Allianz aims to ensure a smooth transition for clients, employees, and agents by leveraging its scale advantages.
The acquisition aligns with Allianz’s strategic focus on expanding in the P&C sector, particularly within the retail and small and medium-sized enterprises (SMEs) market. This strategy has been validated by the successful integration of agent groups such as Milano, SASA, and Aviva (LON:AV) since 2014. Giacomo Campora, CEO of Allianz S.p.A., affirmed this strategic alignment and emphasized the benefits this move will bring to new agents and their clients.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
