Parent company confirms acquisition of Generali PanEurope
Specialist international wealth management brand, Utmost Wealth Solutions, has announced a major expansion that is creating significant growth opportunities at its Isle of Man operation.
Utmost Wealth Solutions’ parent, LCCG, has confirmed the acquisition of Generali PanEurope in Ireland, now renamed Utmost PanEurope.
The new addition to the Utmost Wealth Solutions’ brand means that assets under management have more than doubled over the last year to €24bn, with projected annual premium income of €2bn.
The Isle of Man office, Utmost Limited, currently employs 200 staff who provide support throughout the group of companies.
Mike Foy, Chief Executive, Utmost Limited, says, "the Isle of Man office is a key element in our ability to deliver efficiencies and further opportunities across the Utmost group of companies."
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