Reported about 19 hours ago
UniCredit has completed the full acquisition of its life bancassurance operations in Italy by taking over joint ventures with CNP Assurances and Allianz. The newly branded entities, UniCredit Life Insurance (ULI) and UniCredit Vita Assicurazioni (UVA), will merge in 2026, aiming for enhanced efficiency and customer service. This move is expected to significantly increase the bank's annual insurance revenues by $400 million by FY27.
Source: YAHOO