GREEN LIGHT FOR THE GENERALI AND CONCORDIA MERGER IN POLAND

The Polish Financial Supervision Authority agreed to the merger of Generali Zycie and Concordia Capital. Maciej FEDYNA, Member of the Management Board of Generali Polska, will perform the function of President of the Management Board of the Concordia Polska Mutual Insurance Society.

Andrea SIMONCELLI, president of Generali and chairman of the Concordia supervisory board, comments:

“We are excited about expanding our operations in Poland. This combination will give clients of both companies access to a full range of insurance products. As a result, we not only expand the portfolio of our products, but above all, we enrich our structures with Concordia experts with many years of experience in the agro sector and in cooperation with a new partner for us – the cooperative banking sector. By combining these elements, we will be able to offer customers of both companies even better products, give them the opportunity to buy insurance through an even larger network of our partners, improve their service processes.”

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