Italy's biggest insurer Generali is in exclusive talks to buy assets in Malaysia belonging to French rival AXA in a deal worth around 300 million euros ($358 million), two sources said on Tuesday. The Italian insurer, which is already present in Malaysia, will discuss the deal at a board meeting on Wednesday, the sources said. Generali had been looking at a series of AXA assets in Malaysia worth around 700 million euros but the sources said it was in talks to buy the French insurer's non-life business.
German insurer Allianz is nearing a 2.5 billion euro ($2.94 billion) deal to buy Aviva's Polish unit, trumping rival bids from Italy's Generali and Dutch insurer NN, sources familiar with the matter told Reuters. Allianz is close to entering exclusive talks with Aviva and a deal could be announced as soon as Friday, the sources said, speaking on condition of anonymity. A spokesperson for Aviva confirmed the British insurer was exploring options for its Polish business.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Generali Deutschland AGGlobal Credit Research - 03 Mar 2021Frankfurt am Main, March 03, 2021 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Generali Deutschland AG and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review discussion held on 25 February 2021 in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.