Assicurazioni Generali News

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‚Äôs 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 …