Articles by Sonia Sirletti

Generali CEO Says Insurer Has Financial Strength for M&A Deals

Italian insurance giant Assicurazioni Generali SpA has the financial means for acquisitions that fit its template for value creation, according to Chief Executive Officer Philippe Donnet. “We are considering very strict discipline for M&A which allows value creation,” Donnet said …

Generali CEO’s Strategic Wishlist Includes €10 Billion Deals

Assicurazioni Generali SpA is analyzing a range of potential takeover candidates as part of the insurer’s growth plans, with some of them worth more than €10 billion ($10.9 billion), according to people familiar with the matter. The Italian insurer would …

Generali to Return €500 Million to Investors in Share Buyback

Assicurazioni Generali SpA will return €500 million [$541.4 million] to shareholders, following acquisitions last year that are set to boost its non-life and asset management businesses. The share buyback plan will be submitted for shareholder approval in April and started …

AIG, AXA Weighing Sales of UK Businesses: Sources

Two of the world’s largest insurers are weighing the sale of businesses in the United Kingdom, according to people familiar with the matter. American International Group Inc. is working with advisers to explore a sale of its life-insurance unit in …

Generali Agrees to Acquire Liberty Mutual’s European Units for $2.5 Billion

Assicurazioni Generali SpA has agreed to acquire a group of European businesses from US insurer Liberty Mutual Holding Co. for €2.3 billion ($2.5 billion), as part of its plan to expand in non-life insurance. Liberty Mutual announced the sale of …

Generali Seeks Buyers for Tua Assicurazioni Unit

Assicurazioni Generali SpA is looking to sell Tua Assicurazioni, a unit inherited from its purchase of a smaller Italian rival, people with knowledge of the matter said. The insurer has hired advisers to sell the non-life company, which is valued …

Generali Prepares to Sell Pensionskasse Unit to Fosun International’s German Unit

Assicurazioni Generali SpA is close to selling its Deutschland Pensionskasse AG unit to a German firm controlled by Chinese conglomerate Fosun International Ltd, as the Italian insurer reviews its life operations in a bid to improve profitability. Generali is preparing …

Liberty Mutual Considers $1 Billion Latin America Sale

Liberty Mutual Holding Co. is exploring a sale of its Latin America businesses as part of the US insurer’s divestment plans from non-core markets, according to people with knowledge of the matter. The Boston-based firm is working with JPMorgan Chase …

Generali Plans Sale of €20B Italian Life Portfolio, Aiming to Improve Profits: Sources

Assicurazioni Generali SpA is planning to sell a roughly €20 billion ($21 billion) Italian life insurance portfolio as part of a plan to improve profitability, people familiar with the matter said. The Italian insurer, which has been working with an …

Generali Weighs Deal With U.S. Asset Manager Guggenheim Partners

Assicurazioni Generali SpA is exploring a deal with US investment firm Guggenheim Partners to bolster its asset management business, according to people familiar with the matter. Italy’s biggest insurer has held informal talks on options ranging from a full acquisition …