August 2, 2022
Italy’s top insurer Assicurazioni Generali said on Tuesday it would increase prices to keep up with rising costs, and maintained its financial targets after a strong life business helped it beat first-half earnings expectations. Generali, which on Wednesday will kick …
July 6, 2022
Leonardo Del Vecchio’s right-hand man was named on Monday to succeed the Italian billionaire — who died last week — as chairman of the family’s Delfin holding company. Francesco Milleri, the 63-year-old appointed on June 28 to follow Del Vecchio …
July 5, 2022
Generali has completed the acquisition of La Médicale from Crédit Agricole Assurances, following receipt of the necessary approvals from relevant regulatory and competition authorities, for €435 million (US$453.8 million) The acquisition, which was first announced in February, also includes the …
June 27, 2022
Leonardo Del Vecchio, the Italian entrepreneur who started off with a tiny optics workshop in the Dolomite mountains and ended up as the undisputed world leader in eyewear, has died. He was 87. His death was confirmed on Monday by …
June 9, 2022
Assicurazioni Generali SpA’s asset management unit intends to buy investment firms specialized in U.S. credit markets and renewable energy, as the Italian insurance giant seeks to win outside money beyond its traditional base. “We are seeking to boost our investment …
June 8, 2022
The candidate to replace entrepreneur Francesco Gaetano Caltagirone on the board of Italy’s Generali has turned down the position, potentially opening the way for one of Caltagirone’s defeated leadership candidates to take up the role. Caltagirone, Generali’s second-largest shareholder, quit …
May 27, 2022
Francesco Gaetano Caltagirone, the second largest shareholder in Assicurazioni Generali, has quit its board, the Italian insurer said on Friday, opening a new chapter in a long-standing shareholder row. Caltagirone holds a 9.95% stake in Generali, having beefed up his …
May 19, 2022
Assicurazioni Generali beat expectations in the first quarter even as impairments on Russia drove net profit lower, a boost for CEO Philippe Donnet who last month won a shareholder battle to keep his job for another three years. Italy’s biggest …
May 16, 2022
This edition of International People Moves details appointments at QBE Insurance, MS Amlin, and Generali. A summary of these new hires follows here. QBE Hires RSA’s Germain as Group Chief Information Officer QBE Insurance Group announced the appointment of David …
May 9, 2022
Italy’s top insurer Generali said on Friday it had completed the acquisition of a 25% stake in its Indian non-life insurance joint venture, increasing its holding to 74% after receiving regulatory and competition approvals. When it announced the deal in …