Seguros Banorte (formerly Seguros Banorte-Generali) was formed in 1997 when Mexican firm Grupo Financiero Banorte and Italian insurance giant Assicurazioni Generali combined operations in the country, starting to offer life, home protection, vehicle, general and casualty insurance products. The company became into a wholly owned subsidiary of the Mexican company in 2013, when Grupo Financiero Banorte acquired the stake of its former business partner for US$637mn.
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