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Crédit Agricole Assurances completes the sale of La Médicale to Generali | Photo credits: © Crédit Agricole SA
PARIS (Agefi-Dow Jones)–Crédit Agricole Assurances announced on Friday the finalization of the sale of La Médicale to Generali as well as the sale by Predica, another subsidiary of Crédit Agricole, of the portfolio of death guarantees marketed by La Médicale to Italian insurer.
This operation was carried out for a total price of 435 million euros. “It will have a positive impact of 3.5 points on the solvency ratio of Crédit Agricole Assurances and a positive impact on the results of the Crédit Agricole Assurances group of more than 100 million euros”, underlined the establishment.
“This project responds to Crédit Agricole Assurances’ desire to focus on the development of its bancassurance model, a vector of significant synergies with the other entities of the Crédit Agricole group”, he added.
-Eric Chalmet, Agefi-Dow Jones; +33 (0)1 41 27 47 95; [email protected] ed: JEB
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July 01, 2022 11:54 ET (15:54 GMT)