Italian market News

Howden Acquires Italian TV and Film Broker Assimovie

Howden, the international insurance broker, announced it has agreed to acquire Assimovie, the leading TV, film and advertising insurance broker in Italy. The transaction underlines Howden’s continued commitment to invest in expertise by creating a Sport and Entertainment specialty for …

Generali Raises Projected Profit Boost From Purchase of Cattolica

Italy’s biggest insurer Generali on Tuesday raised the projected boost to its earnings from last year’s purchase of smaller rival Cattolica, and ruled out negative impacts from new accounting standards. Generali now expects to achieve pre-tax synergies of 120-130 million …

Generali Plans Sale of €20B Italian Life Portfolio, Aiming to Improve Profits: Sources

Assicurazioni Generali SpA is planning to sell a roughly €20 billion ($21 billion) Italian life insurance portfolio as part of a plan to improve profitability, people familiar with the matter said. The Italian insurer, which has been working with an …

UK’s Howden to Acquire Major Italian Broker Assiteca

Global insurance intermediary Howden Group Holdings has agreed to acquire a major Italian insurance broker, Assiteca. Howden plans to acquire 86.965% of the outstanding share capital of Assiteca S.p.A. held by Assiteca’s founder, Luciano Lucca, and Chaise S.p.A., a company …

Italy OKs Treasury Taking Control of Credit Insurance Agency SACE

Italy approved a long-awaited decree needed for the Treasury to buy credit insurance agency SACE from state lender Cassa Depositi e Prestiti (CDP) in a deal expected to be worth around 4.25 billion euros ($4.81 billion), sources told Reuters. The …

Howden Acquires Italy’s Tower SpA

Howden, the London-based insurance broker, announced the acquisition of Tower SpA, a Vicenza, Italy-based specialist insurance broker and risk consulting company. This follows the acquisition of the highly regarded Andrea Scagliarini SpA in July 2021, and reinforces Howden’s commitment to …

Generali Acquires Italy Insurer Cattolica to Boost Domestic Market Leadership

Italy’s top insurer Generali sealed its 1.17 billion euro ($1.36 billion) takeover of smaller rival Cattolica on Friday in a move aimed at cementing its domestic market leadership. On the last day of Generali’s buyout offer, investors had tendered shares …

Allianz Finalizes €330 Million Acquisition of Aviva Italia

Allianz S.p.A., the Italian holding company of the Allianz Group, announced it has finalized the acquisition of Aviva Italia S.p.A., the Italian property & casualty (P/C) insurance entity of the Aviva Group. The transaction, which is worth about €330 million …

Italian Insurer Cattolica Says Its Board Views Generali Takeover Offer as Fair

Italian insurer Cattolica said on Tuesday that its board considers that bigger rival Generali’s takeover offer for it is at a fair price. Generali, Italy’s largest insurer, earlier in May said it would launch a 1.17 billion euro [$1.4 billion] …

Howden Acquires Independent Italian Broker Andrea Scagliarini SpA

Howden, the London-based insurance broker, announced an agreement to acquire Italian broker Andrea Scagliarini SpA. Financial details of the transaction were not disclosed. By establishing operations in Italy, Howden adds another market to its growing European platform, which enables it …