Assicurazioni Generali News

Generali Reorganizes German Business to Enhance Competitive Position

Generali is reorganizing its German market business with an aim to enhance the competitive position of the group by the end of 2018. The company is instituting simpler and business-focused governance, a stronger focus on distribution strengths, a modern and …

Update: Generali Q1 Operating Profit Rises 6% to $1.5B on Investment Income

Assicurazioni Generali SpA, Italy’s biggest insurer, reported the highest quarterly operating profit in seven years, spurred by a surge in investment income. Profit in the three months to March climbed 6 percent to 1.3 billion euros ($1.5 billion), the Trieste-based …

In Land of Negative Yields, Even Conservative Insurers Eye Junk Bond Investments

The new fixed-income haven is, of all things, the market for junk bonds. With government securities in Germany to Japan and Ireland yielding less than nothing, money is pouring into exchange- traded funds that buy speculative-grade debt, traditionally the riskiest …

Europe’s Insurers to Boost Dividends for Investors Seeking Higher Yields

Europe’s insurers are preparing to boost dividends to the highest of any industry except utilities, making use of expanding surplus capital to offer investors an alternative to record low interest earnings from bonds. Companies including Allianz SE, Europe’s biggest insurer, …

Generali Meets Targets Ahead of Schedule, Sheds Global Non-Core Assets

Assicurazioni Generali SpA said it has reached most of its targets ahead of schedule after shedding non-core assets around the world and will present a new strategy in May. “The next plan will be quite different because it will not be focused …

Telecom Italia Owner Generali Says Plans to Sell Its Stake in June

Assicurazioni Generali SpA, the insurer that is part of the investor group that owns 22.4 percent of Telecom Italia SpA, plans to sell its holding in June, Chairman Gabriele Galateri said. Galateri spoke today at an event in Milan. In …

Generali CEO Greco Targets Cost Reductions to Boost Capital

Assicurazioni Generali SpA, Europe’s third-largest insurer, plans to cut an extra 150 million euros ($204 million) of costs by 2015 and reduce debt to boost profit and strengthen capital. The company increased its cost savings goal to 750 million euros …

Holocaust Survivors in U.S. Seek $20B in Nazi-era Policies

Thousands of aging Holocaust survivors in the U.S. want Congress to clear a path for them to sue European insurance companies they contend illegally confiscated Jewish life insurance policies during the Nazi era and have refused to pay an estimated …