Generali Int'l purchases OMI's portfolio

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Old Mutual International (OMI) has sold its international portfolio bond to Generali International. This book of business is no longer central to OMI's long-term strategy, and it has been seeking a life assurer with the appropriate reputation, financial strength and quality of service to acquire the book. Paul Gillett, head of business development at Generali International, said: 'We are continuing to introduce new products and services, all with the aim of bringing further benefits to our ever-growing number of policyholders. We look forward to delivering a quality service to ou...

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