Assicurazioni Generali News

Talanx Acquires Generali’s Colombian Businesses for €30M (US$34.6M)

Talanx has acquired Generali Colombia Seguros Generales S.A. and its life insurance subsidiary, Generali Colombia Vida Compañia de Seguros S.A., for approximately €30 million (US$34.6 million) Generali explained that Talanx is acquiring 91.3 percent of Generali Seguros and 93.3 percent …

Generali to Sell $50B German Life Business to Restructure in Europe: Sources

Generali has put its 44 billion euro ($50 billion) German life insurance portfolio up for sale as it restructures in Europe, sources close to the matter said. Morgan Stanley is evaluating options, including a sale, for Generali Leben which ceased …

Generali Names AXA’s Granier as CEO of Generali France

Generali announced that Jean-Laurent Granier, 51, will join Generali Group as country manager for France and président directeur général (PDG) of Generali France with effect from June 1, 2017. Granier also will join the group management committee of Assicurazioni Generali. …

Generali Plans Expansion in Asset Management to Boost Profits

Generali is looking to buy portfolio management teams to expand its asset management operations and beef up its fee-based business, the Italian group said after reporting a 9 percent fall in first-quarter profits on Thursday. Italy’s biggest insurer said it …

Disruptive Tech Dominates 2nd Annual Efma-Accenture Innovation Awards

Emerging technologies such as artificial intelligence, the internet of things (IoT) and blockchain were prominently featured among the winners of the second annual Efma-Accenture Innovation in Insurance awards. Aimed at showcasing the best examples of insurance technology innovations in multiple …

Opinion: Why Is Zurich Seeking Shareholder Permission to Raise Money?

Zurich Insurance Group AG wants more freedom from its shareholders to raise money quickly. That’s odd. Switzerland’s largest insurer has no capital hole that needs filling. The move suggests newish CEO Mario Greco may be concerned about missing out on …

Technology Is Ultimate Savior of Insurance Industry: Opinion

Insurance companies are running out of ideas. They’ve bolstered their balance sheets since the financial crisis but have few racy growth prospects in a world of low interest rates, pricing pressure and regulatory hassles. Big mergers may be the most …

Intesa Abandons Plans to Buy Generali, Citing Lack of Shareholder Value

Italy’s biggest retail bank Intesa Sanpaolo abandoned plans to join forces with the country’s largest insurer Assicurazioni Generali on Friday, saying a tie-up would not create value for its shareholders. A merger of the two would have created an Italian …

AXA Chief Rules Out Major Acquisitions Such as Generali

AXA has reached a “critical size” and is ruling out major acquisitions such as Italy’s Generali, the French insurer’s chief executive Thomas Buberl said on Thursday. It is managing risks relating to May’s presidential election in France and raising its …

Intesa Consults Investors Ahead of Possible Generali Deal: Sources

Intesa Sanpaolo SpA is sounding out investors about a possible combination with Assicurazioni Generali SpA and weighing which of the insurer’s assets it might sell, according to people with knowledge of the matter. Intesa Chief Executive Officer Carlo Messina is …