"The takeover will merge the Slovenian insurance companies Zavarovalnica GENERALI and ADRIATIC SLOVENICA, which will become official at the beginning of next year, with the new insurer named GENERALI", wrote SLOVENIA TIMES.
On 13 February 2019, GENERALI Group announced that ADRIATIC SLOVENICA's has been completed. The agreement with the sole shareholder of ADRIATIC SLOVENIA, KD Group was signed in on 23 May 2018, for EUR 245 million. The transaction also includes the acquisition of KD Funds, Management company LLC. In both cases the vendor is the Slovenian unit of the financial group KD.
By this merger the Italian group created the second largest insurance company in the country, with an market share of ~18%. Currently, Slovenia's largest insurer is Zavarovalnica TRIGLAV, followed by Zavarovalnica SAVA.