Assicurazioni Generali SpA, Italy’s biggest insurer, reported the highest quarterly operating profit in seven years, spurred by a surge in investment income. Profit in the three months to March climbed 6 percent to 1.3 billion euros ($1.5 billion), the Trieste-based …
Expectations of rising dividends and share buybacks from Europe’s insurance companies are fading as ultra low interest rates make it harder for them to meet new capital regulations. Rock-bottom interest rates reduce insurers’ investment returns, raising the risk of them …
The new fixed-income haven is, of all things, the market for junk bonds. With government securities in Germany to Japan and Ireland yielding less than nothing, money is pouring into exchange- traded funds that buy speculative-grade debt, traditionally the riskiest …
Generali has strengthened its international management team with two new managers joining the group to lead Asia and the Americas and a new appointment in Europe, effective April 1. Jack Howell is the new Asia regional officer responsible for Generali’s …
Assicurazioni Generali SpA, Italy’s biggest insurer, said fourth-quarter profit slid 75 percent after impairments of its Russian stake and related to the sale of BSI. The insurer increased its dividend by 33 percent. Net income declined to 81 million euros …
Assicurazioni Generali SpA said it has reached most of its targets ahead of schedule after shedding non-core assets around the world and will present a new strategy in May. “The next plan will be quite different because it will not …
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 4-billion-euro disposal strategy. Europe’s …
A.M. Best announced that it has made some revisions to the criteria it uses in constructing its ratings reports, which will “provide clarification on several issues related to the rating of an insurance company’s debt, including A.M. Best’s approach to …
Italy’s antitrust and insurance regulators have given conditional clearance for a plan by insurer Unipol to take over its loss-making peer Fondiaria-SAI, removing most of the regulatory hurdles hanging over the deal to create Italy’s No. 2 insurer. Unipol agreed …
A.M. Best Europe – Rating Services Limited has removed from under review and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” and all debt ratings of Italy’s Assicurazioni Generali S.p.A. and its …
