As a result of the merger, Generali T.U.S.A assumed all the rights and obligations of Concordia Polska T.U.S.A., and thus became a party to the insurance contracts concluded by Concordia Polska TU SA.
According to the agreement concluded with the previous owner, the brand Concordia will cease to be used and farmers will receive insurance coverage under the brand Generali Agro.
"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 specialised intermediaries remain unchanged", says Roger Hodgkiss, CEO of Generali Poland.
Generali acquired the Concordia companies in 2018. The life companies were merged in late 2019. Concordia Polska's non-life merger process first required demutualization; therefore the merger itself with Generali TU SA was scheduled for this year. The merger process of Concordia Polska T.U.S.A. with Generali T.U.S.A. already started in 2020.
"Customers, agents and distributors have been receiving the information about the merger from September 2020", Generali reported.
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