Italy News

AXA Gives Donnet Greater Role in Japan, Asia-Pacific; Penn to Head Australia/NZ

France’s AXA Group has appointed Philippe Donnet to the position of AXA Group Regional CEO – based in Singapore – to oversee AXA’s principal insurance businesses in the Japan & Asia-Pacific region, effective October 1. The appointment confirms AXA’s intention …

Business Moves

Starr Aviation Agency, Chubb Starr Aviation Agency Inc., a wholly-owned specialty subsidiary of C.V. Starr & Co. Inc. and The Chubb Corp. entered into an underwriting agreement under which Chubb will provide hull and liability coverage to Starr Aviation’s general …

Generali Signs Deal to Acquire 51% Stake in Bulgaria’s Orel-G Holding

It’s not just the Italian Football (soccer) team that’s in an expansive mood. Italy’s Generali Group announced that it has signed an agreement for the acquisition of a 51 percent shareholding in Bulgarian insurer Orel-G Holding AD. The shares will …

France vs. Italy in World Cup Final

An impenetrable defense and a killer penalty goal from its 34-year old captain, Zinadine Zidane, propelled France into the World Cup Football (Soccer) final tonight. The final score – France 1/Portugal 0 – doesn’t do justice to a match played …

R&M Report on Policy Administration

Dublin-based Research and Markets has added a study on Policy Administration Spending in Global Non-Life Insurance (Databook) to their offering. “This databook provides top level data charts & tables to highlight policy administration opportunities and trends across the global Non-Life …

Generali to Acquire De Agostini’s Majority Toro Stake; $4.84 Billion Total

Italy’s largest insurer, Assicurazioni Generali SpA, has signed an agreement for the acquisition of a controlling shareholding in Toro Assicurazioni SpA from Italian publishing group De Agostini the current owner. Initially Generali is paying €21.50 ($27.00) per share to acquire …

Report AXA in Talks with Credit Suisse to Acquire Winterthur

Widely circulated reports indicate that France’s AXA Group has entered into serious negotiations with Credit Suisse aimed at acquiring the bank’s Winterthur Group of insurance companies. The reports from Agence France Presse, the Wall Street Journal and the New York …

World Cup Starts in Germany

5:00 p.m. on a Friday is usually associated with “TGIF” as the weekend begins. However, for much of the world this Friday at 5:00 p.m. (local time) it marks the beginning of a very special sporting event – the quadrennial …

World Cup: Most heavily insured sporting event starts in Germany

For the majority of Americans, June 9 is a Friday between June 8 and June 10. But for the rest of the world, that day marks the debut of a month-long football festival — not the kind played in the …

Big ‘I’ Bob Rusbuldt is on the job

Rusbuldt, chief executive officer of the Independent Insurance Agents and Brokers of America, needs no introduction to independent agents, insurance company executives or the power brokers in Washington, D.C., before whom he regularly champions agents’ causes and concerns, from compensation …