Generali News

Italy’s Generali to Seek Acquisitions in Europe, Asia and U.S., Says CEO Donnet

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 …

Italy’s Generali Beats Targets, Reports 9.4% Rise in Net Profit for 2018

Italy’s top insurer Assicurazioni Generali raised its dividend for 2018 after beating its business plan targets and posting growth in net and operating profits. In a statement on Thursday, the company said it was also well positioned to achieve all …

Allianz, Generali & Liberty Mutual Vying to Invest in BBVA Bancassurance Arm: Sources

European insurers Allianz and Generali are vying with U.S. rival Liberty Mutual to invest in the bancassurance business of Spanish lender BBVA, four sources familiar with the matter told Reuters. The sale, led by Bank of America, kicked off towards …

Italy’s Banks Look to Sell P/C Insurance as New Source of Revenues

An aging population and struggling state finances could turn into an unlikely boon for Italy’s banks, which have turned to a growing market for insurance to brighten their prospects. Intesa SanPaolo has marketed the move loud and clear since June …

Generali Completes Sale of Belgium Unit to Bermuda Re/Insurance Group Athora

Assicurazioni Generali SpA announced the closing of the sale of its entire stake in Generali Belgium SA to Athora Holding Ltd. for approximately €540 million ($618.9 million). The deal was first announced on April 18, 2018. The company will be …

Generali Hikes Stake in Indian Insurance Joint Venture to 49% from 25.5%

Generali Group has finalized its agreement to increase its stake in its Indian insurance joint venture with Future Group to 49 percent from 25.5 percent. Through this transaction, Generali has committed up to approximately €120 million ($137.3 million) to its …

Generali Acquires Alternative Asset Management Firm CM Investment Solutions

Italian insurer Generali Group has acquired CM Investment Solutions Limited (CMISL), an alternative asset manager in London, from Bank of America Merrill Lynch. Details of the transaction were not disclosed. CMISL, which was established in 2007, has grown to become …

Generali Earmarks €4 Billion ($4.6 Billion) for Acquisitions, Growth

Generali has earmarked up to four billion euros for acquisitions and growth as it looks to asset management and high-margin business in Latin America and Asia to fuel earnings. Italy’s top insurer — which generates most of its revenues in …

Generali’s 9-Month Net Profit Rises 27% to $2 Billion

Italy’s top insurer Generali said on Thursday its net profit in the first nine months of the year rose 26.8 percent to beat expectations, lifted by stronger life premiums and disposals. Net profit reached 1.86 billion euros ($2 billion), above …

Generali Opens Representative Office in Moscow

Generali opened a representative office of Generali in Moscow on Oct. 31, 2018, which the company said is an important milestone in its expansion in the country. The office was opened by two Generali executives: Luciano Cirinà and Giorgio Callegari. …