GCO expands its focus with Occident and relegates Catalana
The withdrawal of the Catalan brand takes the group away from its origins, according to some valuations.
Grupo Catalana Occidente will be renamed Grupo Occident as of December 1, as part of a simplification process. The change comes after the company launched the Occident brand in January 2024 to group its traditional business in Spain. The move has been seen as a step away from the company's origins, which are closely tied to Catalonia.
The group, controlled by the Serra family, had previously relocated its headquarters from San Cugat del Vallès to Madrid in 2017. In the first half of the year, Occident reported 2,006 million euros in premiums, a 9% increase from the same period last year.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
