Generali Investments Holding welcomes Conning

Cathay Life Insurance also holds a 16.8% stake in Conning.

Conning has officially been acquired by Generali Investments Holding.

"We are thrilled to enter into this enduring partnership with Generali, focusing on identified growth areas and synergies while drawing upon our shared heritage in the insurance industry," commented Woody Bradford, CEO and chair of the Conning Holdings Limited Board.

Conning and its affiliates will persist in executing their growth strategies, bolstered by support from their ongoing owner, Cathay Life Insurance, as well as their new owner, Generali.

ALSO READ: Generali achieves a 5.6% growth in gross written premium for FY2023

Cathay has contributed its ownership in Conning and its affiliates to GIH, securing a 16.75% share of GIH.

Additionally, Cathay has committed to a minimum 10-year financial arrangement concerning specific insurance assets, which will continue to be managed by GIH, including Conning and its Affiliates.

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