Generali acquires Conning

Written by Adam Cadle

06/07/2023

Generali has acquired Conning Holdings Limited (CHL), a leading global asset manager for insurance and institutional clients, from Cathay Life, a subsidiary of Cathay Financial Holdings, one of the largest Asia-based financial institutions.

As a result of the contribution of CHL into Generali Investments Holding S.p.A (GIH), Cathay Life will become a minority shareholder of GIH, and will enter into a wider partnership with Generali, supporting the strategic growth ambitions of Generali Asset Management globally.

Carlo Trabattoni, Generali’s CEO asset & wealth management, said: “This deal drives sustainable value creation for both companies and third-party clients based on the strong complementarity between Generali Asset Management and Conning. It reinforces our ambitions and positioning as a leading global provider of diversified investments solutions, with further skills for insurers and institutional clients. The benefits of this partnership are significant for our asset management business adding high-quality, differentiated investment capabilities.”

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