Generali and Natixis are nearing a joint venture agreement in asset management, aimed at cost reduction and enhanced distribution capabilities. The two firms are expected to finalize the initial deal by January 20, 2025. This partnership comes amid a backdrop of ongoing strategic shifts within both companies, as they seek to strengthen their positions in the asset management sector. The deal is anticipated to be a 50/50 merger, with both companies' boards set to convene early next week to formalize the agreement. Additionally, Generali has agreed to acquire control of New York-based credit investment firm MGG Investments Group, which will be integrated into its subsidiary, Conning. This acquisition reflects Generali's strategy to expand its footprint in the private asset business.