Latest Italy Headlines
All the headlines from our Italy Topic Page, ordered by recency.
S&P Revises Outlook on Italy’s Generali to Stable; Affirms ‘AA’ Ratings
Sep 14 2004 // Standard & Poor’s Ratings Services announced that it has revised to stable from negative its outlook on Assicurazioni Generali SpA, the parent and main property-casualty company of the pan-European insurance...
PMI Europe Receives Italian Regulatory Approval
Jul 9 2004 // The California-based PMI Group, Inc. announced that its wholly owned subsidiary, PMI Mortgage Insurance Company Limited (PMI Europe), has received regulatory approval to operate an Italian branch. PMI Europe’s office...
S&P Lowers Italy’s Credit Rating; No Change for Generali
Jul 8 2004 // Standard & Poor’s Ratings Services announced that it has lowered its long-term sovereign credit ratings on the Republic of Italy to “AA-” from “AA”, due to the deterioration of public...
AIG United Guaranty to Expand in EU, Asia
Jun 22 2004 // AIG United Guaranty, whose affiliate companies provide mortgage guaranty insurance, announced plans to expand both its European and Asian operations as part of its “international growth program.” It has...
Moody’s Comments on Italian P/C Insurers Outlook and Ratings
Jan 9 2004 // A report from Moody’s Investors Service notes a stable rating outlook for Italy’s rated P/C insurers and a steady improvement in results since 2001. “The continued upturn for most of the seven rated...
Italy’s Parmalat Collapse Felt in U.S. – $1.6 Billion Says Moody’s
Dec 24 2003 // The fallout from the collapse of Parmalat, the Italian dairy and food-processing group, is spreading ever wider. With commentators and analysts now calling it “Europe’s Enron,” it will undoubtedly affect...
FERMA Conference Highlights Risk Management Concerns
Nov 3 2003 // The second ever bi-annual conference of the Federation of European Risk Management Associations (FERMA), held Oct. 5 – 8 in Rome, Italy, featured presenters and workshops that highlighted both the similarities and...
FERMA Conference Highlights Risk Management Concerns
Nov 3 2003 // The second ever bi-annual conference of the Federation of European Risk Management Associations (FERMA), held Oct. 5 – 8 in Rome, Italy, featured presenters and workshops that highlighted both the similarities and...
Massive Power Failure Plunges Italy into Darkness
Sep 29 2003 // The entire Italian Peninsula from Venice to Sicily was plunged into darkness early Saturday morning by a massive power failure that knocked out the national electrical grid, stranding travelers, creating chaos in the...
Winterthur to Sell Italian Operations to Unipol
Jun 23 2003 // Credit Suisse Group’s Winterthur Insurance announced that it has signed an agreement to sell its life and P/C operations in Italy to Compagnia Assicuratri Unipol for 1.465 billion euros ($1.7 billion) in cash. The...
S&P Affirms Italy’s SIAT ‘BBB’ Ratings
May 29 2003 // Standard & Poor’s Ratings Services announced that, following a review, it has affirmed its ‘BBB-‘ long-term counterparty credit and insurer financial strength ratings on Italian marine insurer SIAT...
Maranghi to Quit Post as Mediobanca CEO
Apr 8 2003 // Vincenzo Maranghi, the CEO of Italy’s powerful Mediobanca investment banking group, will leave his post after 15 years on April 14. Founded by legendary financier Enrico Cuccia, Mediobanca played a key role in...
A.M. Best Affirms Generali’s A+ (Superior) Ratings
Mar 27 2003 // A.M. Best Co. announced that it has affirmed the A+(Superior) financial strength rating of Italy’s Assicurazioni Generali S.p.A., and assigned a negative outlook. It also announced that it has affirmed...
Generali Posts $800 Million 2002 Loss
Mar 19 2003 // Italy’s Generali joined the growing list of big insurance companies – it’s Europe’s 4th largest in terms of net premiums written – posting big losses with yesterday’s announcement that...
Monte Dei Paschi Acquires 3.1% Stake in Generali
Mar 14 2003 // Monte Dei Paschi, Italy’s fifth largest bank, has acquired a 3.1 percent stake in Assicurazioni Generali, the country’s largest insurer, for an estimated 798 million Euros ($877 million), based on the...
A.M. Best Affirms ‘A’ (Excellent) Rating of Societa Cattolica di Assicurazione
Jan 16 2003 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of Italy’s Societa Cattolica di Assicurazione Coop a RL (Cattolica) with a “stable” outlook. “The rating reflects the...
AIR Earthquake Engineer To Lead Reconnaissance Team to Italy
Nov 13 2002 // Boston-based AIR Worldwide announced that the company’s manager of engineering analysis, Dr. Paolo Bazzurro, has been selected to lead a group of engineers organized by the Earthquake Engineering Research Institute...
Court Ruling Challenges SAI-La Fondiaria Merger
Nov 1 2002 // An Italian court has dealt another blow to the ongoing merger plans between SAI and La Fondiaria, aimed at forming the country’s third largest insurance group. This week’s ruling overturns a finding by Consob,...
SAI Shareholders Approve La Fondiaria Merger
Sep 20 2002 // To no one’s surprise shareholders of Italy’s Societa Assicuratrice Industriale (SAI) have approved a merger with rival insurer La Fondiaria SpA which will create Italy’s largest p/c insurer and...
JP Morgan Chase To Buy 22% Stake in Italy’s Fondiaria
Feb 4 2002 // U.S. investment bank JP Morgan Chase will enter the convoluted world of Italian finance with its agreement to acquire a 22 percent interest in Italian insurer Fondiaria along with two other investors for € 812 million...
