Generali Completes Acquisition of Conning from Cathay Life

Conning and its affiliates will continue to operate under current leadership and brands, with new strategic support from Generali to accelerate corporate strategy.

(Image source: Generali.)

Conning Holdings Limited (Hartford), a prominent global asset manager serving the needs of insurance company and institutional clients, has announced that its acquisition by Generali Investments Holding S.p.A. (GIH), an entity comprising the majority of asset management activities of Generali Group (Trieste), has closed.

Woody Bradford, CEO and Chair of the Conning Holdings Limited Board.

“We are excited to embark on this long-term partnership with Generali, with identified growth areas and synergies in mind and to leverage our shared insurance industry heritage,” comment Woody Bradford, CEO and Chair of the Conning Holdings Limited Board. “Conning’s hallmark is delivering world-class performance and service for clients. This will remain our steadfast focus going forward.”

Conning’s Partnership with Cathay Life to Continue

Conning and its Affiliates say they will continue to execute their growth strategies with support from their continuing owner, Cathay Life Insurance Co. Ltd. (Taipei) and new owner Generali. Cathay contributed its ownership in Conning and its Affiliates to GIH for a 16.75 percent share of GIH. As part of this transaction, Cathay has agreed to a minimum 10-year financial commitment in relation to specific insurance assets that will continue to be managed on its behalf by GIH, including Conning and its Affiliates.

Conning and its affiliates form an investment management firm with a long history of serving insurance companies and institutional clients. They provide investment solutions, risk modeling software, and industry research. Founded in 1912, Conning has investment centers in Asia, Europe and North America.

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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