Generali
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Generali’s second-largest shareholder said Luciano Cirinà was “considered by many within the group as the natural successor to the current CEO”.
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The Italian carrier said, in a worst-case scenario of a full Ingosstrakh write-down, the net impact would be around EUR166mn.
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GWP in the P&C segment grew 7% to EUR24.1bn, following a 4.9% rise in auto line business and 7.5% growth in its non-motor line.
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Generali’s second-largest investor said he plans to put forward his own candidate to challenge the re-election of incumbent Philippe Donnet.
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The Italian carrier will also wind down its Europ Assistance presence in Russia.
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Who will lead Italy’s 191-year-old insurer over the next three years? Analysts have their say.
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Andrea Sironi has been appointed as an independent director and will be put forward as the board’s candidate for chairman.
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Analysts have told this publication that the wranglings at Generali are likely to be “more than about personalities – they're about the creation of value”.
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The Italian insurer’s board has experienced a string of resignations in recent weeks.
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The carrier has bought out positions in Future Generali India Insurance and Future Generali India Life.
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Sabrina Pucci’s resignation follows that of Francesco Gaetano Caltagirone and Romolo Bardin.
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Alejandro Muñiz will be responsible for revamping GC&C’s global construction practice.
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