Latest Italy Headlines
All the headlines from our Italy Topic Page, ordered by recency.
People Moves: QBE Hires RSA’s Germain as Group CIO; MS Amlin Taps AXIS’ Ferguson for Open Mkt. Property; Generali Names 3 for Italy, Global Business Lines
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...
Italy OKs Treasury Taking Control of Credit Insurance Agency SACE
Jan 25 2022 // 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),...
Howden Acquires Italy’s Tower SpA
Jan 24 2022 // 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...
Generali Acquires Italy Insurer Cattolica to Boost Domestic Market Leadership
Nov 1 2021 // 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...
Berkshire Hathaway to Tender Stake in Italy’s Cattolica Under Generali Takeover Offer
Oct 22 2021 // MILAN – Warren Buffett’s Berkshire Hathaway has tendered its stake in Cattolica under a takeover offer by Assicurazioni Generali, a source close to the situation said on Friday. The move brings Italy’s top...
VW to Appeal Italy Court Decision Ordering $236M Payment in Dieselgate Class Action
Jul 8 2021 // Volkswagen said on Thursday it would appeal against a decision by an Italian court ordering the German group to refund consumers participating in a class action lawsuit over the carmaker’s rigging of diesel emissions...
Generali Launches $1.4 Billion Bid to Buy Remaining Shares of Italy Rival Cattolica
Jun 1 2021 // Italy’s largest insurer Assicurazioni Generali SpA launched a 1.2 billion-euro ($1.4 billion) bid to buy all the shares it doesn’t already own in smaller rival Societa Cattolica di Assicurazioni, as part of a...
Italy Probes Alleged Cartel Among Auto Insurers, Including Allianz Direct, Zurich
May 21 2021 // MILAN – Italy’s antitrust watchdog said on Friday it had opened an investigation into an alleged cartel among insurance companies and insurance price comparison companies to limit competition for automobile...
Italy’s Generali Buys Stake in E-scooter Operator Ridemovi
May 10 2021 // MILAN – Italy’s biggest insurer Generali has bought a stake in Ridemovi, which offers bicycle and electric scooter sharing services, to help it expand in Italy, Spain and beyond. Ridemovi, which operates...
Update – Italy’s Generali Eyes €2 Billion Acquisition in Russia: Source
Mar 17 2021 // MILAN – Italy’s top insurer Generali is considering an acquisition in Russia worth about 2 billion euros ($2.4 billion), although the project is still at a very early stage, a source close to the situation said on...
Italy’s Generali Expects to Hit 2021 Targets After Reporting ‘Excellent’ Results in 2020
Mar 11 2021 // MILAN – Generali is confident it can hit its targets this year after Italy’s biggest insurer overcame a negative impact from the coronavirus crisis in 2020 to deliver a record operating profit. Operating profit,...
Italy’s Top Insurer Generali to Invest €3.5B in COVID-Hit European Countries
Feb 24 2021 // MILAN – Italy’s top insurer Generali said on Wednesday it launched a 3.5 billion euro ($4.26 billion) investment plan over five years to support the recovery of European countries hit by COVID-19. The plan, dubbed...
Italy’s Banco BPM to Acquire Full Control of Insurance Joint Ventures with Cattolica
Dec 16 2020 // MILAN — Italy’s Banco BPM said it would end an insurance partnership with Cattolica by acquiring full control of their joint-ventures, in a move that may ease a mooted tie-up with BPER Banca. Banco BPM said...
Aviva in Talks to Sell Units in France, Poland and Italy, CEO Confirms
Nov 30 2020 // Aviva Plc Chief Executive Officer Amanda Blanc confirmed the company was in talks to sell units in France, Poland and Italy as part of her overhaul of the insurance giant. The company is still in the “early stages...
Italy’s UnipolSai Stays on Profit Track Despite Coronavirus Resurgence
Nov 13 2020 // UnipolSai, Italy’s second-largest insurer, confirmed its full-year targets on Friday after a 37.7% rise in nine-month earnings, despite an uncertain economic outlook caused by the resurgence of the COVID-19...
Coverys European Holdings Subsidiary Acquires Lloyd’s Italian Coverholder Gava
Nov 5 2020 // AEC Wholesale Group, a subsidiary of Coverys European Holdings (CEH), announced the acquisition of Gava S.R.L, a Lloyd’s coverholder based in Brindisi, Italy. AEC Group will assume 100% ownership of Gava, bringing...
Coverys European Holdings Acquires Bridge Insurance Broker in Italy
Oct 26 2020 // Coverys European Holdings (CEH), an agency platform and network specializing in European markets, has completed the 100% acquisition of Bridge Insurance Broker S.R.L, a Lloyd’s wholesale broker and coverholder based...
Update: Italy’s Tax Police Raid Offices of Generali in Probe About Insurance Contracts
Oct 23 2020 // Italy’s tax police raided the offices of state railway Ferrovie dello Stato (FS) and Generali to gather documents in a probe related to the awarding of contracts to the Italian insurer, a document seen by Reuters on...
Talanx Acquires Italian Non-Life Insurer Amissima
Oct 22 2020 // The Talanx Group, the Hanover, Germany-based insurance group, announced it is expanding its business in Italy by making a bolt-on acquisition, via its Italian subsidiary. HDI Assicurazioni, a subsidiary of HDI...
COVID-19 Signals Billions in Long-Term Healthcare Costs Ahead
Aug 3 2020 // Late in March, Laura Gross, 72, was recovering from gall bladder surgery in her Fort Lee, New Jersey, home when she became sick again. Her throat, head and eyes hurt, her muscles and joints ached and she felt like she was...
