Italy’s top insurer Generali, facing a power struggle over its management, said on Tuesday it posted record operating profit last year thanks to a strong contribution from all of its business segments. Generali also said it continued to monitor the …
Although insurance penetration in Ukraine and Russia is low, global insurers will face secondary impacts from greater financial market volatility and higher energy prices, Moody’s Investors Services said last week. In a research report released prior to yesterday’s news of …
Leading Italian insurer Generali said on Thursday it was pulling out of Russia after Moscow’s invasion of Ukraine, while Intesa Sanpaolo, Italy’s biggest bank, is reviewing its presence there. Generali said that it would be closing its Moscow office and …
An Indian court has blocked Future Enterprises from selling its stake in its general insurance joint venture business with Italy’s Generali, following a legal challenge by a group representing bondholders, two sources familiar with the matter told Reuters. The court’s …
The chairman of Italy’s biggest insurer, Generali GASI.MI, plans to step down in April after 11 years in the job, saying that current tensions among investors were a source of regret. Gabriele Galateri di Genola told the board he would …
Two activist investors in Generali GASI.MI on Tuesday urged Italy’s leading insurer to engage in “an open and constructive dialog” to overcome issues that have held back its growth. Generali is at the center of a shareholder battle pitting a …
Assicurazioni Generali SpA requested regulators to assess whether the stakes purchased by a shareholder group including construction magnate Francesco Gaetano Caltagirone and Leonardo Del Vecchio are in compliance with insurance sector rules. Generali will ask Italian insurance regulator IVASS whether …
Generali has agreed to become the majority shareholder in both its property/casualty and life joint ventures in India. For the P/C business, Generali has agreed to acquire 25% of the shares of Future Generali India Insurance (FGII) from Future Enterprises …
Italy’s biggest insurer Generali said on Tuesday Sabrina Pucci had resigned from its board for personal reasons, the third director to step down in less than two weeks. Generali’s second-largest shareholder Francesco Gaetano Caltagirone quit the board on Jan. 13, …
Italy’s top insurer Generali on Friday said it would press on with a list of candidates for its new board in line with regulatory guidelines, as a battle among its leading shareholders rages on. Italian market watchdog Consob on Friday …
