The Italian insurer is reportedly considering strategic options for its Swiss arm, including a sale.
Generali Switzerland is the subject of debate within the Milan-based insurer, and may ultimately be sold, «Bloomberg» (behind paywall) reported. The unit employs 1,800 people and posted 194 million Swiss francs ($205 million) in profit, the outlet reported. It sells life insurance cover, pension products, and real estate policies.
The move follows the Italian insurer's recent decision to exit France. Several rival insurers would likely be interested in either a swap or sale, including Swiss firms. Generali didn't comment on the report.
