Assicurazioni Generali is Italy’s largest insurer and the third largest in Europe. But like other European insurers, the company’s been feeling the squeeze of low interest rates and a crowded competitive landscape. Generali, which appointed Philippe Donnet as its new CEO in March after former chief Mario Greco headed to rival Zurich Insurance Group, is overwhelmingly dependent on its life insurance business. More than 70% of its revenues have stemmed from this segment in recent years, and the lack of diversification has hit earnings. The company’s first-quarter profits for 2016 fell 14%; but Generali is still aiming to deliver operating return on equity that exceeds 13% for the full year. The insurer has said it plans to branch out more into asset management and fee-based services going forward.
News about Assicurazioni Generali
No party or coalition has reached the 40% threshold for governance.