Latest Italy Headlines
All the headlines from our Italy Topic Page, ordered by recency.
Engineers Determined Genoa Bridge’s Strength Had Reduced by 20%: Report
Aug 22 2018 // Engineering experts determined in February that corrosion of the metal cables supporting the Genoa highway bridge had reduced the bridge’s strength by 20 percent – a finding that came months before it collapsed...
Italy Bridge Operator’s Shares Drop After Disaster; Supply Chain Impact Expected
Aug 16 2018 // Italy’s biggest toll-road operator came under heavy stock-market attack on Thursday after Rome criticized it for a deadly bridge collapse this week, moving to revoke its concession and accusing it of failing to...
Italy Government Blames Genoa Bridge Operator as Collapse Death Toll Rises
Aug 15 2018 // Rescuers hunted for survivors among towering slabs of wreckage on Wednesday after a bridge collapse that killed 39, as furious government ministers rounded on the viaduct’s operator, saying it should pay fines and...
Bridge Collapses in Genoa, Italy, with 35 Deaths Reported
Aug 14 2018 // A bridge on the main highway running down the Italian Mediterranean coast collapsed in Genoa, with the death toll reported to be 35 people while others were trapped in the rubble. A police video showed the viaduct...
Rebranded Liberty Mutual Re Enters U.S. Marine Market, Launches in Italy
Jul 3 2018 // Liberty Specialty Markets has rebranded its reinsurance division as Liberty Mutual Re, begun writing marine business in the U.S. for the first time, and is opening for business in Italy. Scott Johnson, formerly with Munich...
Generali Likely to Start Exclusive Talks to Sell German Life Book to Viridium: Source
Jun 28 2018 // Italy’s Generali is expected to start exclusive talks shortly over the potential sale of its 40 billion euro ($48 billion) German life insurance portfolio to private equity-backed Viridium, a person close to the...
Argo Group Acquires Italian Specialty Insurer Ariscom
Mar 14 2018 // Argo Group International Holdings is the proud new owner of Italian specialty insurer Ariscom, giving it an efficient way to expand through Europe. Neither side disclosed financial details. Argo Group CEO Mark E. Watson...
5 in U.S., 2 in Italy Arrested Over $21M Opioid ‘Pill Mills’ Scheme in Florida, Tennessee
Feb 1 2018 // Two people in Italy and five U.S. residents have been charged in a fraud and drug trafficking conspiracy to distribute opioids in Florida and Tennessee, leading to hundreds of deaths, federal prosecutors said last...
Italy’s Billionaire Benetton Family Plans to Boost Stake in Generali, Say Sources
Jan 25 2018 // Italy’s billionaire Benetton family plans to boost its stake in Assicurazioni Generali SpA, the country’s biggest insurer, to as much as 2 percent as part of a strategy to increase investments in the financial...
Loss Estimate for October 2016 Italian Quakes Rises to US$244.4M: PERILS
Oct 27 2017 // The property insurance market’s losses from the series of earthquakes to hit Central Italy between Oct. 26 and Oct. 30, 2016 has risen to €208 million (US$244.4 million), according to PERILS, the independent...
Neon Launches Marine Joint Venture in Italy
Oct 20 2017 // Neon announced the launch of an underwriting operation in Italy with Cambiaso Risso, a leading Italian marine broker who will have a minority shareholding in the venture. Based in Genoa, Neon Italy will initially target...
Willis Towers Watson Appoints Tosti as Head of Italy
Oct 19 2017 // Willis Towers Watson has named Gianmarco Tosti as the new country leader of Italy. He starts his new role on Jan. 1, 2018, and will be based in Milan. Tosti will also take up the role of head of Corporate Risk and Broking...
Buffett’s Berkshire to Buy 9% Stake in Italian Insurer Cattolica
Oct 6 2017 // Warren Buffett is expanding his wager on Italy. The billionaire’s Berkshire Hathaway Inc. said Thursday it agreed to buy about 9 percent of Italian insurer Societa Cattolica di Assicurazioni Scrl from Banca Popolare...
Insured Losses for August 2016’s Italy Quake Revised Upward to $127.4M: PERILS
Aug 25 2017 // The final property insurance market loss estimate for the magnitude 6.0 earthquake that hit Central Italy on Aug. 24, 2016 has increased to €108 million (US$127.4 million), according to PERILS, the independent...
Raging Wildfires on French Riviera Force Evacuation of 12,000 People
Jul 27 2017 // French authorities ordered the evacuation of up to 12,000 people around a picturesque hilltop town in the southern Cote d’Azur region as fires hopscotched around the Mediterranean coast for a third day Wednesday. A...
Insurer Ageas to Sell 50% Stake in Italian Bancassurer to BNP Paribas
Jul 27 2017 // Brussels-based insurer Ageas announced it has reached an agreement with BNP Paribas Cardif to sell its stake in Cargeas Assicurazioni (CARGEAS), a non-life, Italian bancassurer, which provides health, homeowner, automobile...
Italy’s UniCredit Reveals Massive Data Breach Involving 400,000 Bank Accounts
Jul 26 2017 // UniCredit SpA said hackers accessed about 400,000 client bank accounts in Italy, taking biographical and loan data in one of the biggest breaches in Europe to date. The breaches occurred in September and October of 2016...
Devastating S. Europe Drought Scorches Crops; Farmers Question Their Future
Jul 17 2017 // Italian durum wheat and dairy farmer Attilio Tocchi saw warning signs during the winter of the dramatic drought to come at his holding a mile away from the Tuscan coast. “When it still hadn’t rained at the...
Generali Plans to Sell Dutch Operations, Sources Say
Mar 3 2017 // Italy’s biggest insurer Generali has hired BNP Paribas to sell its Dutch business as part of a plan to cut costs in weaker markets and boost profits, sources told Reuters. Generali, which generates most of its...
As Super Bowl Approaches a Former NBA Player Reflects on Cumulative Injury
Feb 2 2017 // Most of us who sit down with our beverages and snacks to watch one of the biggest events in pro sports on Sunday won’t have things like workers’ compensation and cumulative injury on our minds. Just Brady vs....
