Generali has entered into an agreement to sell its Panama business to ASSA Compañía de Seguros S.A., for US$172 million, continuing its strategy to focus on core businesses. Under the transaction, which is subject to regulatory approval, Trieste-based Generali has agreed to the sale of the assets, liabilities and insurance portfolio of its Panama branch to the Panama City-based ASSA, …

Hannover Re parent Talanx will buy 90 percent stake in Italian insurer Generali’s Colombian business to further expand its presence in the Latin American region. “For Talanx, the acquisition of Generali Colombia is a strategic step to open up the fifth largest Latin American market. For us, this means further strengthening our position in the target region,” said Torsten Leue, …