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Generali transfers UK nonlife legacy portfolio to Compre Group

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Generali transfers UK nonlife legacy portfolio to Compre Group

Generali closed the transfer of the nonlife legacy portfolio of its U.K. branch to London-based Compre Holdings Ltd., having received approval from Italian regulators.

The Italian insurer had agreed to sell two run-off portfolios from its U.K. and U.S. branches to the independent insurance and reinsurance legacy specialist in 2017.