Generali Chief Executive Philippe Donnet secured shareholder support on Thursday to stay in the job for another three years, after he struck a landmark asset management deal that irked both a major investor and the Rome government. The vote hands …
Italian insurer Generali will not put up a fight to defend a planned asset management tie-up, if Rome’s opposition stiffens once a government review of the deal starts, CEO Philippe Donnet said in a newspaper interview. Donnet’s comments came as …
Italy’s insurance regulator IVASS needs more details about internal control and governance systems as it reviews domestic leader Generali’s proposed asset management tie-up with French bank BPCE, two sources close to the matter told Reuters. Generali, Europe’s fourth-largest insurer, signed …
Generali to remain in charge of decisions over how to allocate its own clients’ savings under the asset management deal with France’s BPCE, the insurer said, addressing concerns raised by Italy’s government and two leading investors. In a bid to …
Assicurazioni Generali SpA and BPCE have reached a preliminary deal to combine their investment units and create Europe’s second-largest asset manager amid a deal wave in the industry. The two firms signed a non-binding memorandum of understanding for a joint …
Assicurazioni Generali SpA and Natixis SA are close to a deal for a joint venture in asset management to cut costs and team up on distribution, according to people familiar with the matter. The two firms are still finalizing details …
France’s Natixis Investment Managers is holding early-stage talks with Italian insurer Generali GASI.MIabout a potential tie-up, a person with knowledge of the situation said, in a deal that could create one of the largest fund managers in Europe. The firms …
Arch Capital Group Ltd. has entered into a share purchase agreement with Natixis regarding the acquisition of a 29.5% stake in Coface, a France-based trade credit insurer. The transaction will be completed at a price of €10.70 per share, corresponding …
French bank Natixis said on Monday that it was not in talks over a possible takeover offer for Coface, the credit insurance subsidiary in which Natixis has a stake of around 41.7%. “Natixis states that, as previously indicated, its investment …
Broker ED&F Man has filed a $284 million lawsuit against two Hong Kong companies, alleging that they knowingly provided fraudulent warehouse receipts for nickel stored in Asia, court documents show. The two Hong Kong firms, Come Harvest Holdings Ltd (CHH) …
