The Utmost Group of Companies (“Utmost”) is pleased to announce that it has completed the acquisition of Generali Worldwide Insurance Company Limited (“Generali Worldwide”) and Generali Link. Generali Worldwide and Generali Link will become part of Utmost International which comprises the Utmost Wealth Solutions and Utmost Corporate Solutions businesses. Generali Worldwide will be rebranded as Utmost Worldwide Limited.
Generali Worldwide is based in Guernsey and specialises in offering life assurance-based wealth management and employee benefit solutions to a global audience, including multinational organisations, international expatriates and local resident populations in licensed territories. It has around £4.5bn in assets under administration and over 70,000 policyholders.
Generali Link is located in Ireland and was established as a shared service provider, particularly focused on Fund and Policy Administration. The organisation provides services to Generali Worldwide as well as Utmost PanEurope dac.