Latest Italy Headlines
All the headlines from our Italy Topic Page, ordered by recency.
Most Italians Uninsured for Earthquake as Economic Cost of Tremblor Mounts
Aug 26 2016 // The magnitude 6.2 earthquake that struck Italy’s Umbria region this week, killing at least 250 people, is estimated to have cost the country anywhere from $1 billion to $11 billion in economy-related losses. The...
Italy Quakes Could Lead to Limited Insured Losses: RMS & AIR Worldwide
Aug 26 2016 // Damage from the earthquake that struck central Italy on Aug. 24 and the subsequent aftershocks that followed is still being assessed. But RMS asserts that insurance losses will be limited because of property values and the...
Italy Earthquake Unlikely to Trigger 200M Euro Cat Bond Cover: Investors
Aug 24 2016 // A powerful earthquake in Italy on Wednesday is unlikely to force UnipolSai’s 200 million euro ($226 mln) catastrophe bond into default as the bond has low exposure to the affected region, the Italian insurer...
Update: Deadly Quake Hits Central Italy; Death Toll Continues to Rise
Aug 24 2016 // A powerful earthquake hit central Italy in the middle of the night, killing at least 120 people, in the latest challenge to Italian Prime Minister Matteo Renzi as he tries to speed up the country’s economy and...
Italy Car Insurance Tech Firm, Octo Telematics, Weighs Sale or IPO: Sources
Jul 11 2016 // Octo Telematics SpA, the Italian car insurance-technology company, is pursuing an outright sale alongside preparations for an initial public offering, according to people with knowledge of the matter. Octo, owned by...
Generali Forms Global Business Lines & International Unit; de Courtois to Lead
May 12 2016 // Assicurazioni Generali has formed a new operational division called Global Business Lines & International, which will be led by Frédéric de Courtois who is moving from AXA Italy in September. The new unit...
How Italy’s Generali Is Connecting U.S. With Its Global Network
Apr 14 2016 // The U.S. branch of Generali’s Global Corporate & Commercial business unit has launched a property insurance product for U.S.-based multinational corporations. GC&C is a relative new kid on the block in...
Generali Q4 Profit Misses Analysts’ Estimates on Life Income; Donnet Named CEO
Mar 18 2016 // Assicurazioni Generali SpA’s fourth-quarter profit rose less than some analysts expected on a writedown of its stake in BTG Pactual Group and lower income at its life business. The shares had their biggest decline in...
XL Catlin Restructures South Europe Insurance Operations; Managers Appointed
Mar 16 2016 // XL Catlin’s insurance segment announced that it has restructured its Southern Europe operations to include France alongside Italy and Iberia. Southern Europe is led by Regional Manager Bruno Laval, who takes on an...
Generali Set to Nominate Donnet as CEO, Succeeding Greco: Sources
Mar 10 2016 // Assicurazioni Generali SpA is set to propose Italy country manager Philippe Donnet as chief executive officer, replacing Mario Greco, who has joined Zurich Insurance Group AG, according to two people with knowledge of the...
Chubb Names Product Line & Customer Segment Leaders for Continental Europe
Mar 4 2016 // Chubb has appointed the team that will lead product line underwriting and distribution for its Continental Europe region. Each of the newly announced positions will report to Steve Reiss, chief operating officer,...
Top Generali Investors Making Their Influence Felt in Hunt for New CEO
Feb 10 2016 // French corporate raider Vincent Bollore is making his influence felt in corporate Italy by defying the country’s old guard in choosing a replacement for Mario Greco as Generali chief executive. Greco may have...
Chubb Names Country Presidents to Lead Continental European Operations
Feb 5 2016 // Chubb has appointed the country presidents who will lead its operations in Continental Europe, with immediate effect. The country presidents will report to Jeff Moghrabi, division president, Continental Europe. These and...
Gasoline Imports Easier to Insure than Crude Exports in Post-Sanctions Iran
Jan 28 2016 // Major oil firms and trade houses are gradually resuming energy trading with Iran but efforts remain very cautious and often face huge legal obstacles, meaning a post-sanctions return to full-scale activity will take weeks...
Germany’s Talanx Strengthens Bancassurance Presence in Italy
Dec 4 2015 // The Talanx Group, headquartered in Hannover, Germany, is strengthening its bancassurance business in Italy by acquiring the insurance companies belonging to the Italian banking group Gruppo Banca Sella. Via its Italian...
A.M. Best: Europe Insurance Market Begins Recovery; Life Sector Drives Growth
Nov 2 2015 // Europe’s largest insurance markets have continued to show some signs of recovery, with many experiencing top-line growth, driven by the life sector, according to a new report by A.M. Best. In general, the increases...
CoreLogic Adds Probabilistic Flood Model to Risk Management Program
Sep 25 2015 // CoreLogic, a residential property information, analytics and data-enabled services provider, has released an expanded version of its natural catastrophe risk management program, which features a probabilistic flood model...
EXOR CEO Embraces Grandfather’s Dealmaking Style to Revamp Agnelli Empire
Aug 17 2015 // As a boy, John Elkann watched his grandfather Gianni Agnelli build Italy’s biggest industrial fortune, but as an adult he has never adopted Agnelli’s swashbuckling style. Lately, though, Elkann has embraced at...
UnipolSai, Willis Capital Confirm Italian Cat Bond for Azzurro Re; 1st in Europe
Aug 14 2015 // UnipolSai Assicurazioni S.p.A. (UnipolSai), a multi-business Italian insurance company of the Unipol Group and Willis Capital Markets & Advisory (WCMA) part of Willis Group Holdings plc, have confirmed the...
PartnerRe Weighs New Deal Terms with AXIS to Fend Off EXOR’s Rival Offer
Jul 13 2015 // PartnerRe Ltd., seeking to fend off a hostile $6.8 billion cash bid from EXOR SpA, is weighing whether it can arrange new terms with rival reinsurer AXIS Capital Holdings Ltd. to preserve their planned merger. The two...
