Latest Italy Headlines
All the headlines from our Italy Topic Page, ordered by recency.
Telecom Italia Owner Generali Says Plans to Sell Its Stake in June
May 23 2014 // 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...
Generali Begins Talks on BSI Sale; Q1 Profit Up 9.4%
May 15 2014 // Italian insurer Generali expects to meet key capital and asset sales targets ahead of time after kicking off talks with Brazil’s BTG Pactual for a possible sale of Swiss unit BSI, a central plank of its...
U.S. Chamber, BUSINESSEUROPE Urge TTIP Agreement Adoption
May 1 2014 // U.S. Chamber of Commerce President and CEO Thomas J. Donohue recently met with BUSINESSEUROPE President Emma Marcegaglia and Director General Markus Beyrer, as well as leaders of business federations and companies from...
PERILS Issues Updated Europe Industry Exposure Database for 2014
Apr 1 2014 // Zurich-based PERILS AG, announced the release of the 2014 update of the PERILS Europe Industry Exposure Database, which, it said, “contains updated market-wide property sums insured for European windstorm for the...
Italy, France Threaten European Growth: Swiss Re Economist Kurt Karl
Apr 1 2014 // The lack of structural measures in large economies including France and Italy present the biggest threat to growth in the euro area, Swiss Re Ltd.’s Chief Economist Kurt Karl said. The region’s economy will...
Allianz to Acquire P&C Business, Distribution Capacity from Italy’s UnipolSai
Mar 18 2014 // Allianz announced that it has agreed to acquire a part of the Property and Casualty insurance business of the Italian insurer UnipolSai with premiums of €1.1 billion [$1.53 billion] (2013). “The business includes...
Generali Posts Quarterly Profit after Year-Ago Write Downs Caused Loss
Mar 13 2014 // Assicurazioni Generali SpA, Italy’s biggest insurer, reported a fourth-quarter profit after booking a loss a year earlier on write-downs of equity holdings. The insurer more than doubled its dividend. Net income was...
Willis Global Appoints Menghi Director of Strategy and Transformation
Mar 11 2014 // Willis Group Holdings has appointed Pietro Menghi as Director of Strategy and Transformation for Willis Global, the division which includes Willis’s specialist brokerage and consulting services. He has been leading...
Study Forecasts Growth for Professional Indemnity Insurance in Europe
Dec 10 2013 // New research by market research consultancy London-based Finaccord forecasts that the market for professional indemnity insurance across ten European countries – namely, Austria, Belgium, France, Germany, Italy,...
Wrecked Cruise Ship Costa Concordia Raised off Rocks in Italy
Sep 17 2013 // Salvage crews completed raising the wreck of the Costa Concordia in the early hours of Tuesday morning after a 19-hour-long operation on the Italian island of Giglio where the huge cruise liner capsized in January last...
Insurers Help Drive European Share Prices to New 2-month high
Aug 5 2013 // Robust insurer earnings helped drive European shares to a two-month high on Friday, while mixed U.S. jobs data supported the view the Federal Reserve may be more cautious about cutting back on its economic stimulus. The...
Italy Crash Kills at Least 38 as Bus Plunges Into Ravine
Jul 30 2013 // At least 38 people died when a bus plowed through a guard rail and plunged into a ravine in southern Italy, a police official said. The bus was traveling downhill near Baiano, Italy — about 40 kilometers (25 miles)...
PERILS Expands Estimates to Include Earthquake, Flood in Italy
May 7 2013 // PERILS, the independent Zurich-based organization providing industry-wide catastrophe insurance data, has extended its market coverage to include Italy, and will provide data for both earthquake and flood perils with...
Insurance Covered Half of U.S. Disaster Costs in 2012: Swiss Re
Mar 27 2013 // Natural catastrophes and man-made disasters caused $186 billion in economic losses globally in 2012 and took approximately 14,000 lives, according to global insurer Swiss Re’s latest sigma study. The United States...
Finaccord Reports on Bancassurance in Global Markets
Mar 14 2013 // A new report from UK based market research, publishing and consulting firm Finaccord notes that “emerging markets in the Asia-Pacific region and Latin America offer the most growth potential for bancassurers but the...
Zurich’s European Survey Confirms Insurance Isn’t a Luxury in Economic Crisis
Jan 15 2013 // A survey conducted by GfK on behalf of Zurich Insurance Group analyzed how the people in seven different European countries are dealing with their insurance needs in the light of the ongoing economic crisis. Insurance...
New Generali Boss Promises ‘Revolution’ at Italian Insurer
Jan 14 2013 // Mario Greco, the new boss of Europe’s 3rd largest insurance group, Italy’s Generali, has vowed to boost operating profit by a quarter via an ambitious turnaround strategy that focuses on “value over...
Which Insurance Products Do Europeans Rate Tops? Zurich Survey Answers
Nov 7 2012 // Pressure at work and school, the financial crisis and concerns about their families are keeping Europeans awake at night, according to a survey conducted by Zurich Insurance Group in eight European countries. Getting sick...
Indiana Doctor Nabbed in Italy Gets 7 Years in Prison
Oct 15 2012 // A former Indiana surgeon arrested on a snowy Italian mountainside after five years on the run was handed a stiff prison term Friday for billing insurers and patients for procedures he didn’t perform, with the federal...
Best Reports Italy’s Non-Life Insurance Sector Faces Shifting Landscape
Oct 11 2012 // The Italian non-life insurance market faces changes as the sector is subject to new legislation and industry consolidation, while the country’s ongoing economic challenges constrain demand for coverage, according to...
