The new name of Guernsey-based Generali Worldwide Insurance Company Limited is Utmost Worldwide Limited.
This follows the announcement of the sale by Generali on July 19, 2018, when Utmost Wealth Solutions’ parent company, Life Company Consolidation Group (LCCG), revealed it was going to acquire Generali’s wealth-management and service units in Ireland and Guernsey for €409m.
The sale is now complete. Utmost Worldwide will be trading under two new distinct brands: Utmost Wealth Solutions (wealth management) and Utmost Corporate Solutions (employee benefits).
“Generali will retain the health portfolio of Generali Worldwide in the Caribbean, which will be managed by the global health division of Generali. This will allow Generali to maintain its presence in the region with the aim to further reinforce it and to continue to pursue its strategy of sustainable growth and excellence in service.”
The Utmost Group now has over £33bn in assets under administration and over 240,000 customers.