Latest Italy Headlines
All the headlines from our Italy Topic Page, ordered by recency.
Aon Benfield Acquires Portfolio of Swiss Specialist Broker Sipex
Jan 20 2015 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, announced that it has acquired the entire portfolio of in-force business of Sipex Insurance and Reinsurance Brokers SA, an insurance and...
Hundreds Saved From Italian Ferry; 8 Fatalities and Some Feared Missing
Dec 30 2014 // Eight people died and several may be missing after rescue teams completed the evacuation of 427 people following a fire on an Italian ferry traveling from Greece to Italy, defying rough seas and high winds. “It has...
Italian Ferry Fire Under Control, Rescue Effort Continues
Dec 29 2014 // Italian rescue teams evacuated 340 passengers amid rough seas and high winds from an Italian ferry after a fire broke out yesterday during a route off the Greek island of Corfu. An operation led by Italy put out the fire...
Swiss Re Offers Food, Drink Protection for UK, Ireland, Italy
Oct 20 2014 // Swiss Re Corporate Solutions has partnered with UK-based crisis management consultancy The RQA Group to launch comprehensive Contaminated Products Insurance for the food and drink industry in the United Kingdom, Ireland...
RSA Insurance Selling Italian Business to ITAS Mutua
Oct 17 2014 // RSA Insurance Group Plc agreed to sell its Italian business to ITAS Mutua, the country’s oldest customer-owned insurer. RSA will transfer 434 million pounds ($698 million) of liabilities to ITAS and receive a payment...
Fitch Raises Italy Insurance Market Outlook as 1st Half Betters Expectations
Aug 12 2014 // Fitch Ratings has revised its outlook to stable from negative, reflecting expectations that insurers’ profit and capital adequacy will be resilient amid the Italian recession. The outlook also reflects reduced credit...
Direct Line in Talks to Sell Italy, Germany Units; Shares Surge
Aug 1 2014 // Direct Line Insurance Group Plc, the U.K.’s biggest home and motor insurer, said it was in talks to sell its units in Germany and Italy. The shares climbed the most since its initial public offering in October...
Telecom Italia Owner Generali Says Plans to Sell Its Stake in June
May 23 2014 // Assicurazioni Generali SpA, the insurer that is part of the investor group that owns 22.4 percent of Telecom Italia SpA, plans to sell its holding in June, Chairman Gabriele Galateri said. Galateri spoke today at an event...
Generali Begins Talks on BSI Sale; Q1 Profit Up 9.4%
May 15 2014 // Italian insurer Generali expects to meet key capital and asset sales targets ahead of time after kicking off talks with Brazil’s BTG Pactual for a possible sale of Swiss unit BSI, a central plank of its...
U.S. Chamber, BUSINESSEUROPE Urge TTIP Agreement Adoption
May 1 2014 // U.S. Chamber of Commerce President and CEO Thomas J. Donohue recently met with BUSINESSEUROPE President Emma Marcegaglia and Director General Markus Beyrer, as well as leaders of business federations and companies from...
PERILS Issues Updated Europe Industry Exposure Database for 2014
Apr 1 2014 // Zurich-based PERILS AG, announced the release of the 2014 update of the PERILS Europe Industry Exposure Database, which, it said, “contains updated market-wide property sums insured for European windstorm for the...
Italy, France Threaten European Growth: Swiss Re Economist Kurt Karl
Apr 1 2014 // The lack of structural measures in large economies including France and Italy present the biggest threat to growth in the euro area, Swiss Re Ltd.’s Chief Economist Kurt Karl said. The region’s economy will...
Allianz to Acquire P&C Business, Distribution Capacity from Italy’s UnipolSai
Mar 18 2014 // Allianz announced that it has agreed to acquire a part of the Property and Casualty insurance business of the Italian insurer UnipolSai with premiums of €1.1 billion [$1.53 billion] (2013). “The business includes...
Generali Posts Quarterly Profit after Year-Ago Write Downs Caused Loss
Mar 13 2014 // Assicurazioni Generali SpA, Italy’s biggest insurer, reported a fourth-quarter profit after booking a loss a year earlier on write-downs of equity holdings. The insurer more than doubled its dividend. Net income was...
Willis Global Appoints Menghi Director of Strategy and Transformation
Mar 11 2014 // Willis Group Holdings has appointed Pietro Menghi as Director of Strategy and Transformation for Willis Global, the division which includes Willis’s specialist brokerage and consulting services. He has been leading...
Study Forecasts Growth for Professional Indemnity Insurance in Europe
Dec 10 2013 // New research by market research consultancy London-based Finaccord forecasts that the market for professional indemnity insurance across ten European countries – namely, Austria, Belgium, France, Germany, Italy,...
Wrecked Cruise Ship Costa Concordia Raised off Rocks in Italy
Sep 17 2013 // Salvage crews completed raising the wreck of the Costa Concordia in the early hours of Tuesday morning after a 19-hour-long operation on the Italian island of Giglio where the huge cruise liner capsized in January last...
Insurers Help Drive European Share Prices to New 2-month high
Aug 5 2013 // Robust insurer earnings helped drive European shares to a two-month high on Friday, while mixed U.S. jobs data supported the view the Federal Reserve may be more cautious about cutting back on its economic stimulus. The...
Italy Crash Kills at Least 38 as Bus Plunges Into Ravine
Jul 30 2013 // At least 38 people died when a bus plowed through a guard rail and plunged into a ravine in southern Italy, a police official said. The bus was traveling downhill near Baiano, Italy — about 40 kilometers (25 miles)...
PERILS Expands Estimates to Include Earthquake, Flood in Italy
May 7 2013 // PERILS, the independent Zurich-based organization providing industry-wide catastrophe insurance data, has extended its market coverage to include Italy, and will provide data for both earthquake and flood perils with...
