MILAN (Reuters) - Assicurazioni Generali, Italy's biggest insurer, said on Tuesday it had completed the sale of its U.S. life reinsurance business to France's Scor for total gross proceeds expected to be $910 million.
In June, Generali said it had agreed to sell the assets to Scor for $920 million.
The deal is part of Generali's strategy to dispose of non-core assets to shore up capital.
Earlier this year, Generali's chief executive Mario Greco pledged to raise 4 billion euros ($5.41 billion) from non-core asset sales by 2015.
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