Articles by Gianluca Semeraro and Stefano Bernabei

Generali’s 2nd Largest Investor, Who Sought to Oust CEO, Quits Board

Francesco Gaetano Caltagirone, the second largest shareholder in Assicurazioni Generali, has quit its board, the Italian insurer said on Friday, opening a new chapter in a long-standing shareholder row. Caltagirone holds a 9.95% stake in Generali, having beefed up his …

Generali Q1 Net Profit Beats Forecasts, Despite Russia Impairments

Assicurazioni Generali beat expectations in the first quarter even as impairments on Russia drove net profit lower, a boost for CEO Philippe Donnet who last month won a shareholder battle to keep his job for another three years. Italy’s biggest …

Generali’s CEO Survives Leadership Challenge, but Rebels Take Board Seats

Philippe Donnet kept his job as chief executive of Italian insurer Generali on Friday, surviving a challenge from rebel domestic investors who retained board seats and vowed to keep up the pressure for reform. The vote at the company’s annual …

Generali’s Shareholders to Decide CEO Donnet’s Fate at Friday’s AGM

Generali’s shareholders will decide the future of the Italian insurer’s CEO Philippe Donnet in a vote on Friday, after a rebel investor locked in a bitter power struggle proposed a rival. Donnet, chief executive of Generali since 2016, has been …

Update: Challengers to Generali’s Management Target Higher Growth, Bigger M&A

The rebel challengers to Generali’s current management pledged to grow earnings by double figures through cost cuts and free up more cash for M&A deals for Italy’s largest insurer. Generali is facing a power struggle over its board composition at …

Generali’s Boardroom Battle Escalates With Resignation of No. 2 Investor

A boardroom battle at Generali has escalated after the No.2 investor in Italy’s biggest insurer resigned from the board in a challenge to the reappointment of CEO Philippe Donnet. Donnet, who is seeking a new mandate as CEO, is at …

Update: Generali’s CEO Bets on Buyback, Dividend Hike, Bold Profit Goals to Keep Job

Italy’s biggest insurer Generali said it would stick to bold earnings goals for 2024, hike dividends and launch its first buyback in 15 years as Chief Executive Philippe Donnet’s bid to stay on faces opposition from two billionaire investors. Donnet’s …

Generali Board Backs Reappointment of CEO Despite Opposition of 2 Major Shareholders

The board of Assicurazioni Generali on Monday threw its weight behind the reappointment of Chief Executive Philippe Donnet, overlooking opposition from two leading shareholders in Italy’s top insurer, two people close to the matter said. Donnet’s fate had been called …

Generali CEO Donnet Faces Key Test in Face of Opposition From 2 Leading Investors

Generali Chief Executive Philippe Donnet’s future at Italy’s biggest insurer faces a key test on Monday at a meeting of its board to discuss putting him forward for reappointment in the face of opposition by two leading investors. With Donnet …

Italian Tycoons Seek Allies in Battle Over Choice of Generali’s Next CEO

Two Italian tycoons who are leading investors in Generali are looking for allies after joining forces in a bid to have a say over the choice of the insurer’s next chief executive, a document showed on Friday. Construction magnate Francesco …