Generali News

Generali to Raise Stake in Indian P/C Insurance Joint Venture to 74%

Generali has agreed to become the majority shareholder in both its property/casualty and life joint ventures in India. For the P/C business, Generali has agreed to acquire 25% of the shares of Future Generali India Insurance (FGII) from Future Enterprises …

Generali Loses Third Board Director in Less Than 2 Weeks

Italy’s biggest insurer Generali said on Tuesday Sabrina Pucci had resigned from its board for personal reasons, the third director to step down in less than two weeks. Generali’s second-largest shareholder Francesco Gaetano Caltagirone quit the board on Jan. 13, …

Generali Proposes Candidates for New Board as Battle Rages On With Leading Investors

Italy’s top insurer Generali on Friday said it would press on with a list of candidates for its new board in line with regulatory guidelines, as a battle among its leading shareholders rages on. Italian market watchdog Consob on Friday …

Generali’s Boardroom Battle Escalates With Resignation of No. 2 Investor

A boardroom battle at Generali has escalated after the No.2 investor in Italy’s biggest insurer resigned from the board in a challenge to the reappointment of CEO Philippe Donnet. Donnet, who is seeking a new mandate as CEO, is at …

Efma-Accenture Innovation Awards Offer View of Insurance Industry’s Transformation

Daniele Presutti, Accenture’s Insurance lead in Europe, and Silvia Milián, Accenture’s Insurance lead for strategy and consulting in Iberia discuss how the submissions to 2021’s Efma-Accenture Innovation in Insurance Awards demonstrated the extent that the insurance industry has been developing …

Update: Generali’s CEO Bets on Buyback, Dividend Hike, Bold Profit Goals to Keep Job

Italy’s biggest insurer Generali said it would stick to bold earnings goals for 2024, hike dividends and launch its first buyback in 15 years as Chief Executive Philippe Donnet’s bid to stay on faces opposition from two billionaire investors. Donnet’s …

Generali to Focus on U.S., Asia in New Strategic Growth Plan: Report

Assicurazioni Generali SpA, Italy’s largest insurer, is preparing to unveil an international-growth strategy to investors this week, according to the Repubblica newspaper. The plan, to be presented by Chief Executive Officer Philippe Donnet on Wednesday, will focus on the company’s …

Generali Joins Forces With Accenture and Vodafone to Provide Cyber Insurance Services

Generali has joined forces with Accenture and Vodafone Business to create a package of cyber insurance services for corporate and small and medium-sized enterprise (SME) clients. The services include cyber risk assessments, phishing simulations and learning programs, designed to help …

Italian Tycoons’ Challenge to Generali Hinges on Its Strategy for Asset Management

The two Italian billionaires who are challenging Mediobanca SpA’s decades-long grip over Assicurazioni Generali SpA want Italy’s largest insurer to focus more on asset management, as they draw up their plans ahead of a battle for control in the spring. …

Owners of Thai Insurer Syn Mun Kong Explore Sale of Majority Stake

The controlling shareholders of Thai insurer Syn Mun Kong Insurance Pcl are exploring the sale of a majority stake in the firm and have picked several strategic players to advance into the next round of bidding, according to people familiar …