Deals
Generali to Buy Asset Manager Conning to Boost Global Reach
- Conning has about $157 billion of assets under management
- Conning owner Cathay Life to take stake in Generali unit
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Assicurazioni Generali SpA has agreed to buy Conning Holdings Ltd. as part of its plan to expand in asset management.
Generali is acquiring Conning and its affiliates, Italy’s largest insurer said in a statement Thursday, confirming an earlier Bloomberg report.