9 January 2020Insurance

Generali completes the acquisition of Seguradoras Unidas and AdvanceCare

Global insurer Generali has finalised the acquisition in Portugal of 100 percent of the company Seguradoras Unidas and the service company AdvanceCare from Calm Eagle Holdings and Calm Eagle Parent Holdings II, entities majority owned by investment funds managed by certain affiliates of Apollo Global Management.

Generali has received the required approvals from all relevant regulatory bodies and competition authorities and therefore completed the transaction announced on 18th July 2019.

Pedro Carvalho will be the CEO of the insurance entities of the Generali Group in Portugal (Generali Vida, Generali Seguros, Seguradoras Unidas), directly reporting to Jaime Anchústegui, CEO International of Generali.
Carvalho joins the group after a significant experience in senior management roles within the insurance industry.

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