Generali agrees to $669mn Belgian unit sale to Athora

Generali took another step toward narrowing its focus with a
EUR540mn ($669.6mn) agreement to sell its Belgian business to
Apollo Global Management-backed life specialist Athora
Holdings.
The transaction is expected to yield a EUR150mn capital gain to
Generali at the group level, the company said today.
Under the cash deal, Generali will hand over Belgium's 11th
largest insurer with over 1,000 brokers in its network selling
property and casualty policies, including auto and homeowners, as
well a