Latest Italy Headlines
All the headlines from our Italy Topic Page, ordered by recency.
Intesa’s Generali Gamble Carries Risks for Predator and Prey
Jan 30 2017 // An expected bid by Intesa Sanpaolo, Italy’s biggest retail bank, for the country’s largest insurance company is a bold gamble that has stunned the cozy world of Italian finance and carries risks for both...
Insured Loss Estimate for Italy’s October Quakes Hits $134.2M: PERILS
Jan 26 2017 // PERILS AG has disclosed its second loss estimate for the series of earthquakes which hit Central Italy between Oct. 26 and Oct. 30, 2016. Affecting the regions of Lazio, Marche and Umbria, the series included three major...
Intesa Sanpaolo Bank Confirms It Is Eyeing a Merger with Generali
Jan 25 2017 // Intesa Sanpaolo SpA said it’s considering a merger with Assicurazioni Generali SpA, a deal that would reshape Italy’s financial industry by combining its second-biggest bank and largest insurer. “Possible...
Opinion: Does an Allianz-Generali Merger Make Sense? Perhaps Not…
Jan 23 2017 // The last time Italian insurer Assicurazioni Generali SpA was rumoured to be in play, the supposed bidder, France’s AXA SA, said such a costly and complex deal would “make no sense at all.” This time, the...
Generali Names Sesana as Italy’s Country Manager; Ryan Named Group CIO
Dec 14 2016 // Assicurazioni Generali’s board of directors has appointed Marco Sesana as country manager of Italy. He will also retain the position of chief executive officer of Generali Italia. Marco Sesana joined Generali Italia...
Insured Losses from Italy’s October Earthquakes Estimated at $33.3M: PERILS
Dec 7 2016 // The initial estimate of the property insurance market loss from the series of earthquakes that hit central Italy in October is €31 million ($33.3 million), according to PERILS, the independent Zurich-based organization...
AIR Worldwide Comments on Central Italy’s 2 Powerful Earthquakes
Oct 28 2016 // The two powerful earthquakes that hit central Italy on Oct. 26 are considered aftershocks of the deadly Aug. 24, M6.2 earthquake that occurred near Teramo, which about 50 miles south-southeast of the latest temblors,...
Most Italians Uninsured for Earthquake as Economic Cost of Tremblor Mounts
Aug 26 2016 // The magnitude 6.2 earthquake that struck Italy’s Umbria region this week, killing at least 250 people, is estimated to have cost the country anywhere from $1 billion to $11 billion in economy-related losses. The...
Italy Quakes Could Lead to Limited Insured Losses: RMS & AIR Worldwide
Aug 26 2016 // Damage from the earthquake that struck central Italy on Aug. 24 and the subsequent aftershocks that followed is still being assessed. But RMS asserts that insurance losses will be limited because of property values and the...
Italy Earthquake Unlikely to Trigger 200M Euro Cat Bond Cover: Investors
Aug 24 2016 // A powerful earthquake in Italy on Wednesday is unlikely to force UnipolSai’s 200 million euro ($226 mln) catastrophe bond into default as the bond has low exposure to the affected region, the Italian insurer...
Update: Deadly Quake Hits Central Italy; Death Toll Continues to Rise
Aug 24 2016 // A powerful earthquake hit central Italy in the middle of the night, killing at least 120 people, in the latest challenge to Italian Prime Minister Matteo Renzi as he tries to speed up the country’s economy and...
Italy Car Insurance Tech Firm, Octo Telematics, Weighs Sale or IPO: Sources
Jul 11 2016 // Octo Telematics SpA, the Italian car insurance-technology company, is pursuing an outright sale alongside preparations for an initial public offering, according to people with knowledge of the matter. Octo, owned by...
Generali Forms Global Business Lines & International Unit; de Courtois to Lead
May 12 2016 // Assicurazioni Generali has formed a new operational division called Global Business Lines & International, which will be led by Frédéric de Courtois who is moving from AXA Italy in September. The new unit...
How Italy’s Generali Is Connecting U.S. With Its Global Network
Apr 14 2016 // The U.S. branch of Generali’s Global Corporate & Commercial business unit has launched a property insurance product for U.S.-based multinational corporations. GC&C is a relative new kid on the block in...
Generali Q4 Profit Misses Analysts’ Estimates on Life Income; Donnet Named CEO
Mar 18 2016 // Assicurazioni Generali SpA’s fourth-quarter profit rose less than some analysts expected on a writedown of its stake in BTG Pactual Group and lower income at its life business. The shares had their biggest decline in...
XL Catlin Restructures South Europe Insurance Operations; Managers Appointed
Mar 16 2016 // XL Catlin’s insurance segment announced that it has restructured its Southern Europe operations to include France alongside Italy and Iberia. Southern Europe is led by Regional Manager Bruno Laval, who takes on an...
Generali Set to Nominate Donnet as CEO, Succeeding Greco: Sources
Mar 10 2016 // Assicurazioni Generali SpA is set to propose Italy country manager Philippe Donnet as chief executive officer, replacing Mario Greco, who has joined Zurich Insurance Group AG, according to two people with knowledge of the...
Chubb Names Product Line & Customer Segment Leaders for Continental Europe
Mar 4 2016 // Chubb has appointed the team that will lead product line underwriting and distribution for its Continental Europe region. Each of the newly announced positions will report to Steve Reiss, chief operating officer,...
Top Generali Investors Making Their Influence Felt in Hunt for New CEO
Feb 10 2016 // French corporate raider Vincent Bollore is making his influence felt in corporate Italy by defying the country’s old guard in choosing a replacement for Mario Greco as Generali chief executive. Greco may have...
Chubb Names Country Presidents to Lead Continental European Operations
Feb 5 2016 // Chubb has appointed the country presidents who will lead its operations in Continental Europe, with immediate effect. The country presidents will report to Jeff Moghrabi, division president, Continental Europe. These and...
