Latest Italy Headlines
All the headlines from our Italy Topic Page, ordered by recency.
5 in U.S., 2 in Italy Arrested Over $21M Opioid ‘Pill Mills’ Scheme in Florida, Tennessee
Feb 1 2018 // Two people in Italy and five U.S. residents have been charged in a fraud and drug trafficking conspiracy to distribute opioids in Florida and Tennessee, leading to hundreds of deaths, federal prosecutors said last...
Italy’s Billionaire Benetton Family Plans to Boost Stake in Generali, Say Sources
Jan 25 2018 // Italy’s billionaire Benetton family plans to boost its stake in Assicurazioni Generali SpA, the country’s biggest insurer, to as much as 2 percent as part of a strategy to increase investments in the financial...
Loss Estimate for October 2016 Italian Quakes Rises to US$244.4M: PERILS
Oct 27 2017 // The property insurance market’s losses from the series of earthquakes to hit Central Italy between Oct. 26 and Oct. 30, 2016 has risen to €208 million (US$244.4 million), according to PERILS, the independent...
Neon Launches Marine Joint Venture in Italy
Oct 20 2017 // Neon announced the launch of an underwriting operation in Italy with Cambiaso Risso, a leading Italian marine broker who will have a minority shareholding in the venture. Based in Genoa, Neon Italy will initially target...
Willis Towers Watson Appoints Tosti as Head of Italy
Oct 19 2017 // Willis Towers Watson has named Gianmarco Tosti as the new country leader of Italy. He starts his new role on Jan. 1, 2018, and will be based in Milan. Tosti will also take up the role of head of Corporate Risk and Broking...
Buffett’s Berkshire to Buy 9% Stake in Italian Insurer Cattolica
Oct 6 2017 // Warren Buffett is expanding his wager on Italy. The billionaire’s Berkshire Hathaway Inc. said Thursday it agreed to buy about 9 percent of Italian insurer Societa Cattolica di Assicurazioni Scrl from Banca Popolare...
Insured Losses for August 2016’s Italy Quake Revised Upward to $127.4M: PERILS
Aug 25 2017 // The final property insurance market loss estimate for the magnitude 6.0 earthquake that hit Central Italy on Aug. 24, 2016 has increased to €108 million (US$127.4 million), according to PERILS, the independent...
Raging Wildfires on French Riviera Force Evacuation of 12,000 People
Jul 27 2017 // French authorities ordered the evacuation of up to 12,000 people around a picturesque hilltop town in the southern Cote d’Azur region as fires hopscotched around the Mediterranean coast for a third day Wednesday. A...
Insurer Ageas to Sell 50% Stake in Italian Bancassurer to BNP Paribas
Jul 27 2017 // Brussels-based insurer Ageas announced it has reached an agreement with BNP Paribas Cardif to sell its stake in Cargeas Assicurazioni (CARGEAS), a non-life, Italian bancassurer, which provides health, homeowner, automobile...
Italy’s UniCredit Reveals Massive Data Breach Involving 400,000 Bank Accounts
Jul 26 2017 // UniCredit SpA said hackers accessed about 400,000 client bank accounts in Italy, taking biographical and loan data in one of the biggest breaches in Europe to date. The breaches occurred in September and October of 2016...
Devastating S. Europe Drought Scorches Crops; Farmers Question Their Future
Jul 17 2017 // Italian durum wheat and dairy farmer Attilio Tocchi saw warning signs during the winter of the dramatic drought to come at his holding a mile away from the Tuscan coast. “When it still hadn’t rained at the...
Generali Plans to Sell Dutch Operations, Sources Say
Mar 3 2017 // Italy’s biggest insurer Generali has hired BNP Paribas to sell its Dutch business as part of a plan to cut costs in weaker markets and boost profits, sources told Reuters. Generali, which generates most of its...
As Super Bowl Approaches a Former NBA Player Reflects on Cumulative Injury
Feb 2 2017 // Most of us who sit down with our beverages and snacks to watch one of the biggest events in pro sports on Sunday won’t have things like workers’ compensation and cumulative injury on our minds. Just Brady vs....
Intesa’s Generali Gamble Carries Risks for Predator and Prey
Jan 30 2017 // An expected bid by Intesa Sanpaolo, Italy’s biggest retail bank, for the country’s largest insurance company is a bold gamble that has stunned the cozy world of Italian finance and carries risks for both...
Insured Loss Estimate for Italy’s October Quakes Hits $134.2M: PERILS
Jan 26 2017 // PERILS AG has disclosed its second loss estimate for the series of earthquakes which hit Central Italy between Oct. 26 and Oct. 30, 2016. Affecting the regions of Lazio, Marche and Umbria, the series included three major...
Intesa Sanpaolo Bank Confirms It Is Eyeing a Merger with Generali
Jan 25 2017 // Intesa Sanpaolo SpA said it’s considering a merger with Assicurazioni Generali SpA, a deal that would reshape Italy’s financial industry by combining its second-biggest bank and largest insurer. “Possible...
Opinion: Does an Allianz-Generali Merger Make Sense? Perhaps Not…
Jan 23 2017 // The last time Italian insurer Assicurazioni Generali SpA was rumoured to be in play, the supposed bidder, France’s AXA SA, said such a costly and complex deal would “make no sense at all.” This time, the...
Generali Names Sesana as Italy’s Country Manager; Ryan Named Group CIO
Dec 14 2016 // Assicurazioni Generali’s board of directors has appointed Marco Sesana as country manager of Italy. He will also retain the position of chief executive officer of Generali Italia. Marco Sesana joined Generali Italia...
Insured Losses from Italy’s October Earthquakes Estimated at $33.3M: PERILS
Dec 7 2016 // The initial estimate of the property insurance market loss from the series of earthquakes that hit central Italy in October is €31 million ($33.3 million), according to PERILS, the independent Zurich-based organization...
AIR Worldwide Comments on Central Italy’s 2 Powerful Earthquakes
Oct 28 2016 // The two powerful earthquakes that hit central Italy on Oct. 26 are considered aftershocks of the deadly Aug. 24, M6.2 earthquake that occurred near Teramo, which about 50 miles south-southeast of the latest temblors,...
