Latest Italy Headlines
All the headlines from our Italy Topic Page, ordered by recency.
Italy Probes Alleged Cartel Among Auto Insurers, Including Allianz Direct, Zurich
May 21 2021 // MILAN – Italy’s antitrust watchdog said on Friday it had opened an investigation into an alleged cartel among insurance companies and insurance price comparison companies to limit competition for automobile...
Italy’s Generali Buys Stake in E-scooter Operator Ridemovi
May 10 2021 // MILAN – Italy’s biggest insurer Generali has bought a stake in Ridemovi, which offers bicycle and electric scooter sharing services, to help it expand in Italy, Spain and beyond. Ridemovi, which operates...
Update – Italy’s Generali Eyes €2 Billion Acquisition in Russia: Source
Mar 17 2021 // MILAN – Italy’s top insurer Generali is considering an acquisition in Russia worth about 2 billion euros ($2.4 billion), although the project is still at a very early stage, a source close to the situation said on...
Italy’s Generali Expects to Hit 2021 Targets After Reporting ‘Excellent’ Results in 2020
Mar 11 2021 // MILAN – Generali is confident it can hit its targets this year after Italy’s biggest insurer overcame a negative impact from the coronavirus crisis in 2020 to deliver a record operating profit. Operating profit,...
Italy’s Top Insurer Generali to Invest €3.5B in COVID-Hit European Countries
Feb 24 2021 // MILAN – Italy’s top insurer Generali said on Wednesday it launched a 3.5 billion euro ($4.26 billion) investment plan over five years to support the recovery of European countries hit by COVID-19. The plan, dubbed...
Italy’s Banco BPM to Acquire Full Control of Insurance Joint Ventures with Cattolica
Dec 16 2020 // MILAN — Italy’s Banco BPM said it would end an insurance partnership with Cattolica by acquiring full control of their joint-ventures, in a move that may ease a mooted tie-up with BPER Banca. Banco BPM said...
Aviva in Talks to Sell Units in France, Poland and Italy, CEO Confirms
Nov 30 2020 // Aviva Plc Chief Executive Officer Amanda Blanc confirmed the company was in talks to sell units in France, Poland and Italy as part of her overhaul of the insurance giant. The company is still in the “early stages...
Italy’s UnipolSai Stays on Profit Track Despite Coronavirus Resurgence
Nov 13 2020 // UnipolSai, Italy’s second-largest insurer, confirmed its full-year targets on Friday after a 37.7% rise in nine-month earnings, despite an uncertain economic outlook caused by the resurgence of the COVID-19...
Coverys European Holdings Subsidiary Acquires Lloyd’s Italian Coverholder Gava
Nov 5 2020 // AEC Wholesale Group, a subsidiary of Coverys European Holdings (CEH), announced the acquisition of Gava S.R.L, a Lloyd’s coverholder based in Brindisi, Italy. AEC Group will assume 100% ownership of Gava, bringing...
Coverys European Holdings Acquires Bridge Insurance Broker in Italy
Oct 26 2020 // Coverys European Holdings (CEH), an agency platform and network specializing in European markets, has completed the 100% acquisition of Bridge Insurance Broker S.R.L, a Lloyd’s wholesale broker and coverholder based...
Update: Italy’s Tax Police Raid Offices of Generali in Probe About Insurance Contracts
Oct 23 2020 // Italy’s tax police raided the offices of state railway Ferrovie dello Stato (FS) and Generali to gather documents in a probe related to the awarding of contracts to the Italian insurer, a document seen by Reuters on...
Talanx Acquires Italian Non-Life Insurer Amissima
Oct 22 2020 // The Talanx Group, the Hanover, Germany-based insurance group, announced it is expanding its business in Italy by making a bolt-on acquisition, via its Italian subsidiary. HDI Assicurazioni, a subsidiary of HDI...
COVID-19 Signals Billions in Long-Term Healthcare Costs Ahead
Aug 3 2020 // Late in March, Laura Gross, 72, was recovering from gall bladder surgery in her Fort Lee, New Jersey, home when she became sick again. Her throat, head and eyes hurt, her muscles and joints ached and she felt like she was...
Italy’s Generali Eyes Possible Acquisition of U.S. Asset Manager Brightsphere: Sources
Jun 29 2020 // Assicurazioni Generali SpA has approached Brightsphere Investment Group Inc about a possible acquisition of the U.S. asset management firm, people familiar with the matter said on Friday. A deal would expand the U.S....
Italy’s Generali Moves to Become Cattolica Major Shareholder, Strategic Partner
Jun 26 2020 // Italy’s largest insurer Assicurazioni Generali SpA said it will become a major shareholder in Cattolica Assicurazioni SC and a strategic partner with Cattolica in several areas of mutual opportunity. Generali said it...
Billionaire Del Vecchio Doesn’t Seek Merger Between Generali and AXA or Zurich: Source
Jun 3 2020 // Leonardo Del Vecchio’s plans to boost the European presence of Italy’s top insurer Generali do not include a cross-border merger with rivals AXA or Zurich, a source close to the billionaire said on...
Italy’s Regulator Asks Insurer Cattolica to Boost Its Capital by $557M on COVID-19 Impact
Jun 1 2020 // Cattolica Assicurazioni said on Monday that Italy’s insurance regulator had told it to raise 500 million euros ($557 million) after the coronavirus crisis knocked its solvency ratio, a measure of financial...
Billionaire Del Vecchio Seeks to Raise Stake in Generali’s Biggest Investor, Mediobanca
Jun 1 2020 // Italian eyewear billionaire Leonardo Del Vecchio stepped up his efforts to become a bigger player in Italy’s finance industry, asking for approval to raise his stake in Mediobanca SpA to as much as 20%. The shares...
Italy to Protect Businesses from Liability if Workers Catch Coronavirus: News Report
May 18 2020 // Italian businesses that follow the health and safety rules are protected from liability in case returning workers catch coronavirus, the head of the country’s insurance association said in an interview with La...
Ferrari Provides Coronavirus Tests so Employees Can Return to Work
Apr 21 2020 // Workers at Ferrari are signing up en masse for voluntary coronavirus screening so they can return to work as soon as possible in an ambitious scheme that could serve as a blueprint for manufacturers desperate to resume...
