Generali, BFF Bank and France’s BPCE have progressed to the next stage of the bidding process to acquire GamaLife from Apax Partners, reported Reuters, citing two familiar sources. Apax Partners is aiming for a valuation close to €600m for the European life insurance consolidator. Buy-out group Apax Partners expects to receive binding offers in the coming weeks, with the goal of reaching an agreement in early 2026, the sources said. BFF, BPCE and Generali declined to provide comments, reported Reuters. ...

Core Insights - Alleanza Assicurazioni and Banca Generali have formed a partnership to enhance their offerings through 'insurbanking' solutions, combining Alleanza's distribution network with Banca Generali's expertise in private banking and investment [1][2] Group 1: Partnership Objectives - The alliance aims to grow Alleanza's market presence and diversify its income sources while Banca Generali seeks to access new growth opportunities in the affluent customer segment by leveraging Alleanza's distribution network and its 1.9 million clients [2] - The integration of IT systems between the two entities will incorporate generative AI to improve client onboarding and strengthen customer relationships [2] Group 2: Product Offerings - The insurbanking solution includes the Conto Unico banking product, which replicates Banca Generali's current account services, and the new Stile Unico insurance policy [3] - The Stile Unico policy provides six investment options tailored for different client profiles, combining Alleanza's Euro San Giorgio segregated fund with various investment funds, and offers access to 120 Undertakings for Collective Investments and three internal funds managed by Banca Generali [4] Group 3: Implementation Timeline - The phased introduction of the Conto Unico account and related banking services will begin with a pilot test, followed by business simulations until the first half of 2026, before a gradual rollout across the entire network [5]