asset management News

Generali Won’t Fight Italy Government Over Natixis Deal, CEO Tells Paper

Italian insurer Generali will not put up a fight to defend a planned asset management tie-up, if Rome’s opposition stiffens once a government review of the deal starts, CEO Philippe Donnet said in a newspaper interview. Donnet’s comments came as …

Italy Insurance Watchdog Needs More Details of Generali-Natixis Deal, Sources Say

Italy’s insurance regulator IVASS needs more details about internal control and governance systems as it reviews domestic leader Generali’s proposed asset management tie-up with French bank BPCE, two sources close to the matter told Reuters. Generali, Europe’s fourth-largest insurer, signed …

Allianz Global Investors Scraps Nuclear, Military Exclusions to Back Europe Rearmament

Germany’s Allianz Global Investors has dropped two exclusions blocking its sustainable funds from investing in defense, becoming one of the first major European asset managers to change their policies to help finance the region’s rearmament. AGI wrote to its clients …

Generali to Remain in Charge of Investment Decisions in BPCE Deal, Won’t Cut Stake

Generali to remain in charge of decisions over how to allocate its own clients’ savings under the asset management deal with France’s BPCE, the insurer said, addressing concerns raised by Italy’s government and two leading investors. In a bid to …

Banks Have Unfair Edge Over Insurers in M&A Race: NN CEO Says

A top European insurance executive slammed a piece of regulation that has emerged as key driver behind a recent slate of asset management acquisitions by banks. The rule known as Danish Compromise gives the region’s lenders “an advantage” when buying …

Generali, BPCE to Form Europe’s Second-Largest Asset Manager

Assicurazioni Generali SpA and BPCE have reached a preliminary deal to combine their investment units and create Europe’s second-largest asset manager amid a deal wave in the industry. The two firms signed a non-binding memorandum of understanding for a joint …

EU Seeks to Streamline ESG Regulations Amid Growing Backlash

The next European Commission will urgently seek to streamline the bloc’s many environmental, social and governance rules, as it responds to complaints that excessive regulations are gutting industry competitiveness. Simplification will be at the center of the incoming commission’s work, …

Global Reserve Managers Upbeat on Growth but Worry About Geopolitical Risks

An escalation in geopolitical conflicts is the biggest risk to the global economy, according to central bank reserve managers, who are generally positive about the world’s economic outlook, according to an annual survey released on Thursday. The UBS Asset Management …

Citi’s CEO Fraser Wary of Insurance Giants’ Role in Private Credit

Citigroup Inc. Chief Executive Officer Jane Fraser warned that there’s a risk to the growing number of insurers piling funds into direct lending opportunities. It’s one of many risks tied to the rise of the private credit industry that Fraser’s …

UK Firms Told to ‘Urgently Review’ Green Claims Amid Crackdown

Firms operating in the UK are being advised to go through any products and services around which some sort of sustainability claim has been made, to ensure they’re not in the crosshairs of a regulatory crackdown that’s due to take …