Italy’s Reale Mutua Eyes €1 Billion Deals in Europe Expansion

Italian insurer Societa Reale Mutua di Assicurazioni is looking to expand in Europe through acquisitions — and it’s ready to consider deals of up to €1 billion ($1 billion) to make it happen.

“We’re aiming to develop our international presence through M&A,” General Manager Luca Filippone said in an interview in Milan.

Luca Filippone

Source: Societa Reale Mutua di Assicurazioni

The company is looking at acquisitions in Iberia and central and eastern Europe, and possibly in South America, the executive said, with a focus on both life and non-life.

Spain, where the firm already owns three units, will be the main area of concentration, said Filippone, who’s ...