Concordia Polska Towarzystwo Ubezpieczeń (Concordia Polska TU) and Generali Towarzystwo Ubezpieczeń (Generali TU) have merged, Generali reported. As a result, Generali assumed all the rights and obligations of Concordia Polska, and thus became a party to insurance contracts concluded by Concordia Polska.
According to the agreement concluded with the previous owner, the Concordia brand will cease to be used and farmers will receive insurance coverage under the Generali brand.
"The name and website are changing from Concordia to Generali Agro, but the quality of our services and the leading position in the agro insurance market, a team of experienced people and experts, as well as specialized intermediaries," Roger Hodgkiss, President of Generali Polska, said.
Generali acquired Concordia companies in 2018. The life companies were merged at the end of 2019. The property merger process of Concordia Polska required demutualization in the first place, therefore the merger with Generali TU itself was planned for this year.