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 …
UniCredit has increased its stake in insurer Generali to between 6% and 7%, a person with knowledge of the matter said on Thursday, ahead of a key shareholder vote to pick a new board of directors. Unicredit’s stake was 5.3% …
Leading governance adviser Institutional Shareholder Services (ISS) has recommended Generali investors vote to hand CEO Philippe Donnet another term at a general meeting on April 24. Donnet has been put forward as a candidate by the insurer’s main investor Mediobanca. …
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 …
A group of Italian fund managers said on Friday it would put forward four candidates for the new board of Generali, adding to uncertainty over the outcome of a key shareholder vote at the country’s biggest insurer. A shareholder clash …
Italy’s biggest insurer Generali reported on Thursday a record profit for 2024, ahead of a key shareholder vote next month on the reappointment of CEO Philippe Donnet. The insurer, historically a bulwark of Italy’s financial system, also said it could …
Italian insurance giant Assicurazioni Generali SpA has the financial means for acquisitions that fit its template for value creation, according to Chief Executive Officer Philippe Donnet. “We are considering very strict discipline for M&A which allows value creation,” Donnet said …
Assicurazioni Generali SpA is analyzing a range of potential takeover candidates as part of the insurer’s growth plans, with some of them worth more than €10 billion ($10.9 billion), according to people familiar with the matter. The Italian insurer would …
Leonardo Del Vecchio, the Italian entrepreneur who started off with a tiny optics workshop in the Dolomite mountains and ended up as the undisputed world leader in eyewear, has died. He was 87. His death was confirmed on Monday by …
The candidate to replace entrepreneur Francesco Gaetano Caltagirone on the board of Italy’s Generali has turned down the position, potentially opening the way for one of Caltagirone’s defeated leadership candidates to take up the role. Caltagirone, Generali’s second-largest shareholder, quit …
