Generali legacy sale points to efficiency drive

Generali's push to remove EUR300-EUR400mn ($318mn-$424mn) of
old US casualty liabilities from its balance sheet is indicative of
a wider trend of carriers examining their back books in order to
achieve higher operational efficiency.
Earlier this morning, this publication revealedGenerali was approaching run-off consolidators to find a
solution for a portfolio of legacy business that sits within its UK
branch.
Sources told this publication the portfolio predominantly holds
US asbestos, pollution