Generali News

Generali Increases Stake in Indian Non-Life Joint Venture

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 …

Generali’s Board Reappoints CEO Without Support From Rebel Investors: Sources

The board of Generali on Monday reappointed Philippe Donnet as chief executive with 10 votes in favor out of 13, two sources said, after a group of rebel Italian investors seeking to oust him lost out in a shareholder vote …

Update: Generali’s CEO Survives Leadership Challenge, but Rebels Take Board Seats

Philippe Donnet kept his job as chief executive of Italian insurer Generali on Friday, surviving a challenge from rebel domestic investors who retained board seats and vowed to keep up the pressure for reform. The vote at the company’s annual …

Update: Who’s Who in Generali’s CEO Election Drama

Philippe Donnet, who has been CEO at Europe’s third-largest insurer since 2016, is running for reappointment with the backing of Generali’s outgoing board and its leading shareholder Mediobanca. Donnet’s candidacy is opposed by Italian tycoon Francesco Gaetano Caltagirone, Generali’s second-largest …

Generali’s Shareholders to Decide CEO Donnet’s Fate at Friday’s AGM

Generali’s shareholders will decide the future of the Italian insurer’s CEO Philippe Donnet in a vote on Friday, after a rebel investor locked in a bitter power struggle proposed a rival. Donnet, chief executive of Generali since 2016, has been …

Generali Investor Deka Will Vote for Current Management, Led by CEO Donnet

Generali investor Deka Investment will vote in favor of current management led by chief executive Philippe Donnet, the asset manager’s head of corporate governance said on Monday. Shareholders in Italy’s biggest insurer vote on Friday to name a new board …

Major Generali Investor Norges Backs Reappointment of CEO Donnet

Norges Bank Investment Management, one of the main institutional investors in Generali GASI.MI, backs the reappointment of CEO Philippe Donnet, a proxy voting record on the website of the company running Norway’s sovereign wealth fund showed. Shareholders in Italy’s biggest …

Generali Shareholders Urged to Back Reappointment of CEO Donnet

Leading investor advisers have recommended shareholders at Generali back the proposal by the Italian insurer’s outgoing board to hand CEO Philippe Donnet another term at the helm, documents showed on Saturday. In reports issued by Institutional Shareholder Services (ISS) and …

Rebel Generali Investor Could Mount Legal Challenge if Bid to Remake Board Fails

A rebel investor in Generali could mount a legal challenge if his bid to appoint new top executives at Italy’s largest insurer loses by a narrow margin in a shareholder vote this month, a candidate for the chairman’s role said. …

Generali Investor Del Vecchio Backs Change in Insurer’s Leadership

Italian tycoon Leonardo Del Vecchio is backing a push for a change in leadership at Assicurazioni Generali SpA, saying that a proposed slate of new managers put forward by investor Francesco Gaetano Caltagirone could free the way for a major …