Philippe Donnet News

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 …

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 …

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. …

Generali in Preliminary Talks to Buy Credit Agricole Subsidiary La Medicale

Assicurazioni Generali SpA is in early talks on a possible takeover of Credit Agricole subsidiary La Medicale, as part of plans to expand in European non-life and health insurance businesses, according to people with knowledge of the matter. The firm, …

Generali Investor De Agostini to Sell Stake, But Will Vote at AGM

Italian publisher Gruppo De Agostini said on Monday it had started the process to sell its 1.44% stake in Generali but would still be in a position to exercise its voting rights at the insurer’s next shareholders’ meeting. De Agostini …

Generali Board Backs Reappointment of CEO Despite Opposition of 2 Major Shareholders

The board of Assicurazioni Generali on Monday threw its weight behind the reappointment of Chief Executive Philippe Donnet, overlooking opposition from two leading shareholders in Italy’s top insurer, two people close to the matter said. Donnet’s fate had been called …

Generali CEO Donnet Faces Key Test in Face of Opposition From 2 Leading Investors

Generali Chief Executive Philippe Donnet’s future at Italy’s biggest insurer faces a key test on Monday at a meeting of its board to discuss putting him forward for reappointment in the face of opposition by two leading investors. With Donnet …

Mediobanca Boosts Stake in Generali as Battle Over Leadership Heats Up

Italy’s Mediobanca SpA strengthened its grip over insurer Assicurazioni Generali SpA, boosting its stake to more than 17% just days before a board meeting that could decide the future of embattled Chief Executive Officer Philippe Donnet. The investment bank, already …