Generali Tranquilidade has subsidiaries in several countries, such as Spain, Angola and Mozambique.

In 2015, in the aftermath of the demise of the Espírito Santo Group, it was sold to the Apollo Global Management fund for 215 million €.

[3] Subsequently, Generalli merged it with its business units in Portugal and Tranquilidade became a brand name of Generali Seguros, S.A.

[4] In 2024, Generali Tranquilidade has become the official insurer of the Portuguese National Teams.

[5] Since 2020, Generali Tranquilidade has been advertised by Portuguese actress Mariana Monteiro.