Generali France follows Axa in ending cyber extortion reimbursement paymentsGenerali is understood to have followed rival Axa in stopping providing cover in France that reimburses customers for extortion payments made in response to ransomware.
Generali calls for regulatory review of tycoons’ stake-buildingGenerali has called on the Italian insurance regulator to investigate whether the stakes acquired by an activist shareholder group including construction magnate Francesco Gaetano Caltagirone and Ray-Ban founder Leonardo Del Vecchio were in compliance with insurance investment rules.
Generali to buy Crédit Agricole’s La Médicale for €435mnItaly’s Generali is to pay €435mn ($492mn) to acquire Crédit Agricole’s La Médicale, in a deal designed to strengthen its health, protection and overall P&C business in France.
Activists break Generali pact amid growing shareholder dissentItalian firms Delfin and Caltagirone Group have exited a shareholder agreement over Generali as the boardroom battle at the Italian insurer intensifies.
Generali takes majority stakes in Indian life and P&C JVsItaly’s Generali is to become the majority shareholder in both its life and non-life Indian insurance joint ventures.
Another Generali director exits as shareholder unrest continuesEuropean insurance powerhouse Generali has seen a third board member step down this month, with Sabrina Pucci the latest to resign against a backdrop of shareholder clashes over the reappointment of Philippe Donnet as CEO.
Generali GCC names Muñiz head of construction and green energyGenerali Global Corporate & Commercial (Generali GCC) has promoted Alejandro Muñiz to head of construction and green energy and tasked him with revamping its global construction industry practice as the business looks to take advantage of expected growth in the market.
Generali dismisses “groundless” claims from former directorsGenerali’s board has dismissed allegations made about the company by former directors Francesco Gaetano Caltagirone and Romolo Bardin in their recent resignation letters, calling them “groundless” and “often offensive” as the war of words between the parties escalates.
Generali’s Bardin latest to step down from boardItalian insurance giant Generali has announced that independent director Romolo Bardin has resigned from his seat on the board, citing “the process for the formation of the board” as the reason for his decision to step down.
Generali activist shareholder Caltagirone steps down from boardItaly’s Generali has announced that activist investor Francesco Gaetano Caltagirone has resigned from the board.
Generali sets aside up to €3bn for M&A under new strategic planItaly’s Generali has allocated up to €3bn ($3.4bn) for mergers and acquisitions in insurance and asset management under a new strategy set to run until 2024 unveiled by CEO Philippe Donnet.
Generali launches new cyber insurance services with Accenture and VodafoneGenerali has created a package of cyber insurance services with Accenture and Vodafone Business to help corporate and SMEs clients recognise, respond to and recover from cyber security threats and incidents.
Italian billionaires build stake in GeneraliItalian billionaires Francesco Gaetano Caltagirone and Leonardo Del Vecchio together with banking foundation Fondazione CRT have taken their overall stake in Generali to more than 15 percent.genera
Generali in talks to buy Credit Agricole’s La MedicaleItaly’s Generali is in exclusive talks to buy Credit Agricole SA’s La Medicale business, in a deal designed to strengthen its position in the French market.
Generali GC&C names Law casualty underwriting lead for AsiaGenerali’s Global Corporate & Commercial division has named Wendy Law as head of casualty underwriting, Asia.
Generali grows P&C premiums 6.2% as operating profit beats consensusGenerali grew its P&C premium base by 6.2 percent to €17.5bn during the first nine months of 2021, with the segment generating an operating profit of €1.79bn for the period.
European Commission gives nod to Generali for Cattolica takeoverItaly’s Generali has received authorisation from the European Commission for the acquisition of a controlling interest in rival Cattolica.
Fitch hands Generali positive outlook on improved leverageFitch Ratings has revised the outlook for Generali and its core subsidiaries to positive from stable, citing the group’s improved financial leverage and reduced Italian sovereign asset-concentration risk.
Generali approves process for board renewal in fight against activistsItaly’s Generali moved a step closer to reappointing long-standing CEO Philippe Donnet on Monday after the insurer’s board approved a process which would allow it to present its own list of candidates for the role at the next annual general meeting.
Generali directors back keeping Donnet as CEOGenerali has said the majority of its board members are in favour of keeping CEO Philippe Donnet in his job for another mandate, after two shareholders in Italy’s biggest insurer took aim at the executive and the firm’s governance.