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Generali has completed the acquisition of the majority stakes in the AXA's property/casualty and life businesses in Malaysia, which will position it as a
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PARIS, June 22 (Reuters) - Italy s top insurer Generali (GASI.MI) has agreed to buy Axa s (AXAF.PA) insurance assets in Malaysia and take full ownership of a joint-venture it runs in the country to strengthen its local presence.
The deals will turn Generali into the second-biggest player in Malaysia s Property and Casualty (P&C) insurance market while also allowing the company to enter the local life insurance sector, it said on Tuesday.