July 29, 2016
Assicurazioni Generali SpA, Italy’s biggest insurer, said second-quarter profit fell 6 percent as low interest rates and volatile equity markets hurt investment gains. Net income declined to 590 million euros ($654 million) from 626 million euros a year earlier, the …
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 incorporates the existing Global Business Lines unit …
May 12, 2016
Assicurazioni Generali SpA, Italy’s biggest insurer, said first-quarter profit fell 14 percent on lower income from its life insurance business and after record capital gains from last year weren’t repeated. The shares fell the most in three months. Net income …
March 31, 2016
Zurich Insurance Group AG will see improving results this year after taking steps to cut costs and overhaul units following unexpected losses at its general insurance unit, according to Chairman Tom de Swaan. “The implementation of these measures is going …
March 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 more than a month. The …
March 11, 2016
Zurich Insurance Group AG needs a clear and simple strategy to rebuild investor confidence as the company tries to turn around its struggling general insurance unit, said Mario Greco, the firm’s new chief executive officer. “We need to rebuild the …
March 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 discussions. Generali’s appointments and corporate governance …
March 3, 2016
Traditionally conservative European insurers and pension funds are turning increasingly to risky property bets on everything from new homes in provincial Britain to car parks at Brussels airport, as they feel the pinch from rock-bottom interest rates. While much is …
February 22, 2016
Zurich Insurance Group AG is fixing how it detects risks after miscommunication among units aggravated losses from a port explosion in China last year, Chairman and acting Chief Executive Officer Tom de Swaan said. “There was accumulation of risk there, …
February 11, 2016
Zurich Insurance Group AG reported a worse-than-expected loss in the fourth quarter as the company makes plans to turn around its unprofitable general insurance unit. The net loss was $424 million compared with a profit of $860 million a year …