The Boards of Generally, Alleanza and Toro have examined and approved a plan that provides for the merger of Alliance and Toro in General, with the provision of the insurance business of Alliance and Toro in a new company, Newco, a wholly by Generally.

Through the network of the Alliance will distribute products to retail harm its customers and to enhance the supply Toro life.

The President of the Lion of Trieste, Antoine Bernheim, said the transaction approved Monday by saying: “The General continues in its goal of building value in the interests of all stakeholders: our customers, shareholders, networks and sales employees. This initiative demonstrates the ongoing focus of management, even in a time of difficult market, to further strengthen the efficiency and effectiveness of the activities of the group. “