Mediobanca launched a surprise €6.3 billion ($7.2 billion) offer for the wealth management arm of Italian insurer Assicurazioni Generali SpA, opening a potential defense strategy for the Milan-based bank amid Italy’s intensifying deal wave. Mediobanca, which itself is facing a …
UniCredit SpA has expanded its holding in Italy’s largest insurer, potentially giving Chief Executive Officer Andrea Orcel more influence in future deals. Orcel said Tuesday during UniCredit’s fourth-quarter earnings call that the bank now controls more than 5% in Assicurazioni …
Assicurazioni Generali SpA plans to return more than €7 billion ($7.3 billion) in dividends and buy back at least €1.5 billion in shares by 2027, as Chief Executive Officer Philippe Donnet pursues growth in asset management and high-margin insurance. Italy’s …
Assicurazioni Generali SpA and BPCE have reached a preliminary deal to combine their investment units and create Europe’s second-largest asset manager amid a deal wave in the industry. The two firms signed a non-binding memorandum of understanding for a joint …
Assicurazioni Generali SpA and Natixis SA are close to a deal for a joint venture in asset management to cut costs and team up on distribution, according to people familiar with the matter. The two firms are still finalizing details …
Assicurazioni Generali SpA is considering a deal to acquire New York-based credit investment firm MGG Investment Group, people familiar with the matter said, as the Italian insurer looks to expand in the private asset business. Generali has held early talks …
Aviva Plc and Allianz SE are among potential bidders for Britain’s home and motor insurance firm Esure Group Plc, according to people familiar with the matter. Sampo Oyj, which owns British general insurer Hastings Group, and Belgium-based Ageas have also …
Intesa Sanpaolo SpA is replacing thousands of staff with younger hires to set the firm up for the use of artificial intelligence, demonstrating how much the technology is impacting workers across the financial industry. The Italian lender plans for 9,000 …
Assicurazioni Generali SpA’s second-quarter profit fell 24% from a year earlier, as claims from storms and flooding in Europe weighed on results. Net income in the three months through June declined to €797 million ($870 million) missing the €881 million …
Assicurazioni Generali SpA is seeking to sell its units in Turkey and the Philippines, people with knowledge of the matter said. The Italian insurer has kicked off separate processes to dispose of its small Istanbul-based Generali Sigorta AS subsidiary and …
