Generali entered into exclusive talks with Credit Agricole to buy the French bank’s health insurance unit La Medicale, both companies said in a joint statement on Wednesday.
The transaction, which is set to be completed mid-2022, would go along with the sale by Predica to Italy’s top insurer of the death coverage portfolio commercialised by La Medicale.
Created in 1948, La Medicale specialises in insuring health professionals.
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