ALIZF Allianz Ag Muenchen Namen (PK)

   By Pietro Lombardi 
 

UniCredit SpA (UCG.MI) has signed strategic partnerships with Italy's Assicurazioni Generali SpA (G.MI) and Germany's Allianz SE (ALV.XE) for the distribution of insurance products in Central Eastern Europe, the bank said Tuesday.

The partnerships are for the distribution of insurance products for individuals and small companies in Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Romania, Serbia, Slovakia and Slovenia.

The agreements will be implemented gradually in the second part of the year, the Italian bank said.

"These partnerships will enhance our offering by delivering a full range of insurance products as well as outstanding services to our individual and small business clients, leveraging on our leading position in the region as well as the recognized brands of Allianz and Generali," said Carlo Vivaldi, head of CEE division at UniCredit.

Write to Pietro Lombardi at pietro@lombardi@dowjones.com

(END) Dow Jones Newswires

June 05, 2018 05:34 ET (09:34 GMT)

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