Generali CEO Philippe Donnet News

Italy’s Generali to Pay 2019 Dividend, Resisting EU Regulatory Guidance

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 Generali Posts Record Operating Result for 2019

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 …

Generali’s Talks to Buy MetLife’s Europe Assets Stall over Price Differences: Sources

Italian insurer Assicurazioni Generali has held talks with U.S. rival MetLife Inc to buy the bulk of its European assets but discussions have stalled due to differences over price, four sources told Reuters. Generali, which ranks as Europe’s third biggest …

Generali Prepares to Make Formal Bid for MetLife’s European Assets: Sources

Assicurazioni Generali SpA is preparing to make a formal bid for the European assets of MetLife Inc. following months of talks, people with knowledge of the matter said. The Italian insurer has been finishing due diligence and aims to make …

Generali’s Results Prove It Has Right Strategy, Says Chairman

The good results Generali has racked up are proof that the insurer is well run and has the backing of shareholders, the group’s chairman Gabriele Galateri di Genola said on Tuesday. Generali became a target of speculation recently when Italian …

Mediobanca Pressed to Grow via M&A and Rely Less on Its Prized Asset, Generali

Mediobanca’s third-biggest investor Leonardo Del Vecchio called for it to get bigger through acquisition on Friday, stepping up his questioning of the Italian merchant bank’s strategy. The 84-year-old billionaire bought a 7% stake in Mediobanca last month, stunning corporate Italy …

Major Generali Shareholder, Mediobanca, Pushed to Alter Strategy for Insurer

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 …

Generali Weighs at Least $3.3B in Mid-Sized Insurance, Asset Management M&A

Assicurazioni Generali SpA, Italy’s biggest insurer, may invest at least 3 billion euros ($3.3 billion) to grow through mid-size acquisitions in insurance and asset management, according to Chief Executive Officer Philippe Donnet. “I don’t believe in big consolidation, because of …

Generali in Early Negotiations to Buy MetLife’s Central European Assets: Sources

Assicurazioni Generali SpA is in early talks to buy the Central European assets of MetLife Inc. as the Italian insurer seeks to expand through acquisitions in high-growth markets, according to people with knowledge of the matter. The business may be …

Update: Generali Eyes Acquisitions of Small and Medium-Sized European Insurers

Italy’s biggest insurer Generali is looking at small and medium-sized insurance companies in Europe to strengthen its presence in the region, it said on Tuesday. Generali said in November it had up to 4 billion euros ($4.5 billion) for acquisitions …