Bawag and Generali Extend Cooperation

Professional ServicesInsurance ♦ Published: July 23, 2012; 19:55 ♦ (Vindobona)

The Austrian bank, which is owned by the U.S. investment funds Cerberus and Generali agreed on extending the cooperation until 2023.

Bawag and Generali Extend Cooperation / Picture: © BAWAG

At a common press conference, Bawag and the Italian Generali Group announced to renew the insurance cooperation by another six years. The cooperation agreement, which was signed in 2007, expires in 2017. Now, the agreement was extended until 2023.

Bawag Group will arrange life insurance contracts to the common Bawag PSK Versicherung. Moreover, non-life insurance contracts will be…