Generali plans sale of $21 billion of its Italian life insurance portfolio -Bloomberg News
(Reuters) -Italian insurer Generali SpA is planning to sell roughly 20 billion euros ($21 billion) of its Italian life insurance portfolio, Bloomberg News reported on Wednesday, citing people familiar with the matter.…
Generali investor Benetton to vote for alternative CEO candidate – paper
ROME – Italy’s Benetton family, a shareholder in insurer Generali, has decided to vote for the slate of candidates submitted by a challenger investor and not in favour of current management, daily…
Factbox-Who’s who in the Generali drama
MILAN – Shareholders in Assicurazioni Generali will vote on April 29 to name a new chief executive and board of directors at Europe’s third-largest insurer. CEO Philippe Donnet, at the helm since…
Facing shareholder showdown, Generali CEO says can deliver on plan
By Gianluca Semeraro and Valentina Za MILAN – Generali boss Philippe Donnet, facing a challenge to his leadership from rebel investors, is confident he can deliver on his plans for the Italian…
Generali challenger’s plan would increase debt leverage to near 25% – paper
ROME – A plan for Italy’s Generali put forward by a rebel investor would aim to increase the insurer’s debt leverage to near 25% for any worthy operations, the CEO candidate proposed…
Generali shareholder Union Investment supports existing management
LONDON – Major Generali shareholder Union Investment supports existing management in the insurer led by chief executive Philippe Donnet, a portfolio manager in the firm said on Thursday. Generali is locked in…
Generali investor Del Vecchio backs Caltagirone’s plan for insurer – Bloomberg
MILAN – A strategic plan for Generali backed by rebel shareholder Francesco Gaetano Caltagirone goes in the right direction by setting up the company for growth, another of the top investors in…
Generali investors Delfin and CRT end their shareholder pact
MILANO – Two investors in Generali said on Tuesday they had dissolved a pact they had struck last year to challenge the Italian insurer’s top shareholder Mediobanca over the renewal of the…
Analyst reaction to alternative Generali strategy
MILAN – Rebel challengers to Generali’s current management pledged to increase earnings by a double-digit percentage and free more cash for takeovers, setting out their plans for Italy’s largest insurer before a…
Generali suspends Donnet’s internal rival in CEO race
MILAN – Insurer Generali said on Wednesday it had suspended Luciano Cirina, its head of Austria and CEE countries, who has been proposed by a leading shareholder for the role of chief…
Generali investor proposes naming insurer’s Austria chief as CEO
By Stefano Bernabei ROME – A leading Generali shareholder on Tuesday proposed naming the Italian insurer’s head of Austria as its new chief executive, in a challenge to the reappointment of Philippe…
Generali struggle intensifies as investor plots own CEO candidate
By Stefano Bernabei and Gianluca Semeraro ROME – Generali’s second-biggest investor, construction tycoon Francesco Gaetano Caltagirone, plans to put forward his own candidate to lead Italy’s biggest insurer, challenging the reappointment of…
Italy’s Generali to pull out of Russia as Intesa reviews business
MILAN – 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…
Activist Generali investors call for “open dialogue”
MILAN -Two activist investors in Generali on Tuesday urged Italy’s leading insurer to engage in “an open and constructive dialogue” to overcome issues that have held back its growth. Generali is at…
Italian tycoons break up Generali pact to avoid regulatory scrutiny
MILAN – Francesco Gaetano Caltagirone has quit a pact with fellow Generali investor Leonardo Del Vecchio which the two Italian magnates had struck to challenge the insurer’s top shareholder Mediobanca, a letter…
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