January 27, 2016
Assicurazioni Generali SpA dropped to the lowest since July 2013 after Chief Executive Officer Mario Greco said he was leaving the Italian insurer to head Zurich Insurance Group AG. Generali, which has yet to announce a replacement, closed 1.3 percent …
January 26, 2016
Zurich Insurance Group AG hired Assicurazioni Generali SpA’s Mario Greco as chief executive officer, giving him the task of turning around the company, after losses in its general insurance business forced the Swiss insurer to abandon a takeover bid. Greco, …
January 12, 2016
Uncertainty over whether Mario Greco will stay on as chief executive of Generali rattled investors in Italy’s top insurer on Monday after a Swiss newspaper reported rival Zurich Insurance was set to poach him. Speculation that Greco, who ran the …
January 11, 2016
Zurich Insurance Group AG will appoint Mario Greco, the head of its Italian rival Assicurazioni Generali SpA, as chief executive officer, Swiss newspaper SonntagsZeitung reported, without saying how it got the information. While Greco, an insurance-industry veteran, hasn’t yet been …
November 5, 2015
Assicurazioni Generali SpA, Italy’s biggest insurer, said third-quarter profit fell 18 percent after operating income declined at its life-insurance business. Net income dropped to 420 million euros [$458.6 million] from 513 million euros [$560.2 million] a year earlier, Trieste-based Generali …
July 30, 2015
Assicurazioni Generali SpA said second-quarter profit rose 51 percent, beating analysts’ estimates, after earnings from life insurance surged. The shares climbed in Milan. Net income at Italy’s biggest insurer increased to 626 million euros ($687 million) from 415 million euros …
May 26, 2015
Generali is reorganizing its German market business with an aim to enhance the competitive position of the group by the end of 2018. The company is instituting simpler and business-focused governance, a stronger focus on distribution strengths, a modern and …
May 14, 2015
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 …
March 12, 2015
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 …
November 19, 2014
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 …