KUALA LUMPUR (May 10): Generali Group, one of the largest global insurance providers based in Italy, aims to narrow the insurance gap for the underserved market in the country through its integrated unified brand, Generali Malaysia. Generali Malaysia was recently integrated following the acquisition of a controlling majority stake in Affin Bank Bhd’s general insurance arm AXA Affin General Insurance Bhd (AAGI), and 100% purchase of MPI Generali Insurans Bhd from its joint-venture partner Multi-Purpose Capital Holdings Bhd (MPCHB).
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