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Zurich Insurance to buy RedClick brand from Generali
Zurich will become a top-three insurer in Ireland’s €4.5 billion general insurance market, acquiring RedClick’s 250,000 customers for €337 million in cash, subject to approvals.
10 Articles
10 Articles
Zurich Insurance to buy RedClick Ireland for €337m
Italian insurance group Generali has agreed to sell its island of Ireland operations, which trade under the RedClick brand, to Zurich Insurance for €337m. The sale price is subject to adjustments at completion, and Generali Spain will retain €51m of excess capital that Generali has allocated to its Irish subsidiaries. Generali said the disposal is in line with its strategy of focusing on core insurance markets where it already has a scale and a …
Coverage Details
Total News Sources10
Leaning Left4Leaning Right0Center1Last UpdatedBias Distribution80% Left
Bias Distribution
- 80% of the sources lean Left
80% Left
L 80%
C 20%
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