Zurich’s Mario Greco moves to Generali
by Gill Montia
Story link: Zurich’s Mario Greco moves to Generali
Zurich Insurance Group has announced that Mario Greco, chief executive officer, general insurance, has decided to return to Italy to assume the role of Generali group chief executive officer. Mr Greco is now on leave and Zurich group chief executive officer, Martin Senn, will head the general insurance business until a permanent replacement is found. [...]
Insurers show interest in RBS and Lloyds asset sale
by Gill Montia
Story link: Insurers show interest in RBS and Lloyds asset sale
According to a BBC report, insurers Allianz, Generali and Zurich could show an interest in branch networks to be sold by Royal Bank of Scotland (RBS) and Lloyds Banking Group. Both banks are to receive further huge bailouts from the Government: £33.5 billion for RBS and £5.7 billion for Lloyds, the latter taking the form [...]
Generali could merge with banks
by David Masters
Story link: Generali could merge with banks
Italy’s leading insurer Generali could end up as part of an Italian megabank if a rumoured merger between two Italian banks goes ahead. Shareholders of Italian banks UniCredit and Mediobanca are reported to be considering a merger. If such a merger went ahead, Generali would have to be part of it because Mediobanca is its [...]
