MILAN — Two leading Generali investors are ready to push to replace current CEO Philippe Donnet if the top Italian insurer’s board fails to reach an accord to keep him in the job, three sources close to the matter said. …
Generali on Tuesday said it was on track to meet full-year targets after Italy’s top insurer reported a good performance across all business sectors to slightly beat first-half expectations. Operating profit rose 10.4% to 3 billion euros ($3.6 billion) versus …
MILAN – Leading Generali investor Francesco Gaetano Caltagirone will snub its AGM on Thursday in the first public sign that the businessman is unhappy with the balance of power among shareholders, three sources close to the matter said. Tensions among …
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, which is closely watched by the …
Italy’s top insurer Generali on Wednesday said it is aiming to become a top player in asset management after confirming its 2021 financial targets despite the pandemic. At an investor day on Wednesday, the insurer said asset management allowed it …
Italy’s biggest insurer Generali on Friday said it would pay its 2019 dividend in two tranches, confirming a total payout of 0.96 euros per share, citing its strong capital position. The announcement flies in the face of calls by industry …
Italy’s biggest insurer Assicurazioni Generali confirmed all its targets through 2021 on Friday, after posting a record operating result for 2019, despite coronavirus-related uncertainty and soaring market volatility. Italy has been hardest hit by the outbreak in Europe, with 15,113 …
Eyewear tycoon Leonardo Del Vecchio on Wednesday urged Mediobanca to build up its investment banking business in a challenge to venerable merchant bank’s strategy, nearly a month after he snapped up a 7% stake that stunned corporate Italy. Del Vecchio …
Italy’s top insurer, Generali , reported first-half operating profit above market estimates on Thursday, helped by growth across its business segments, and confirmed all of its three-year targets announced in November. “After the first-half results we are very confident that …
Italy’s top insurer Generali said it was ready to look around for growth opportunities in Europe, Asia and the U.S. on Thursday and said it was well positioned to achieve the targets it set in November for the years until …
