Generali is known for its expertise in the area of warranty coverage. A full member of the FAIR association, formerly Finansol, the company operates in many countries across several continents, like France. Recently, the brand entered into an arrangement with the Novaxia R recycling fund, also part of the group.
The insurer Generali has activated an agreement with the fund for recycling office buildings into housing Novaxia R. This is a collaboration in terms of investment in the housing sector. Previously known in the field of life insurance, the cover guarantee company intends to develop its activities by adding the housing sector to its range of services.
The two stakeholders hope to derive maximum return from this exclusive partnership on both sides while taking into account the satisfaction of customers’ needs. This service is specially dedicated to savings from the cover guarantee company. Offering an unprecedented privilege, many of the target people will certainly be amazed by this new product.
The insurance house reiterates its promises
Generali has therefore added the housing segment to its services. Thanks to this partnership between the two members of the FAIR association, the cover guarantee company will henceforth endow the Novaxia R fund with a benchmark in France, in charge of the savings market and wealth management, explains that:
With this fund, Generali strengthens and pursues its commitment in the field of invested impact and more broadly in the field of sustainable, useful savings and convictions.
Hugues Aubry
In addition, Novaxia R, owned by the portfolio management giant Novaxia Investissement also intends to increase its prowess thanks to this agreement. Indeed, the latter plans to build thousands of homes in its field of practice. In addition, thanks to financing to the tune of 1 billion euros, the office buildings recycling fund into housing also plans to meet a challenge of achievement of 5% net of management performance per year.
Take advantage of the current economic situation linked to the drop in office prices
The collaboration between Generali and Novaxia R is added as part of the housing investment. Moreover, this partnership takes advantage of the current situation linked to the decrease in the value of office prices. With this in mind, the stakeholders intend to seize this opportunity to try a new service. On this subject, Hugues Aubry adds that:
For the first time, Generali Vie savers will be able to invest in housing, through their life insurance contracts, while capturing the capital gain resulting from the fall in the value of offices, Generali explains. Recycling operations from offices to housing, more and more numerous, while aiming to reconcile societal utility and the return on their savings.
Hugues Aubry
It must be recognized that Generali and Novaxia R are both confident for the success of this new project. Thanks to this service, these brands want to conquer the savings, insurance and housing market at the same time. It remains to see its evolution.
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