Hints and tips:
...Rising prices made for a “tough time” for insurers and their relationship with customers, who are more likely to consider switching provider, Greco said....
...Mario Greco said ahead of an investor meeting in London that his financial goals for 2017 to 2019 had assumed a further weakening of the market....
...“Cover-More is not an insurance company,” says Mr Greco. “It is a services company.” There could be similar acquisitions as Mr Greco seeks to add more fee-earning services to Zurich’s portfolio....
...Mr Senn was succeeded last year by Mario Greco, who re-joined Zurich Insurance from Italy’s Generali....
...Since taking over earlier this year, Mr Greco has overhauled what he described as Zurich’s “famously complicated” management structure....
...Mr Greco’s predecessor as Zurich’s chief executive was Martin Senn, who quit last December. Mr Senn committed suicide last month....
...Mr Greco, who became chief executive earlier this year, said that underwriting discipline had improved....
...New CEO Mario Greco, who last month said he saw no need for radical changes at the group, said today: This new organization will be more agile and more accountable, with a clearer line of sight between...
...He was replaced earlier this year by Mario Greco, former chief executive of Italian rival Generali, writes Ralph Atkins in Zürich....
...There was a management change in March as well, with Mario Greco replacing Martin Senn, who stepped down as chief executive at the end of last year....
...his predecessor, to improve cash flow and shareholder payouts Philippe Donnet, the Frenchman who was this week named as the first foreigner to run the Italian insurance group, is taking over from Mario Greco...
...Zurich Insurance has poached Mario Greco, the well regarded boss of Italian insurer Generali, as its next chief executive....
...Mr Greco had undertaken a sweeping turnaround of Generali, slashing costs and selling assets to shore up its capital buffers....
...“We are somewhat surprised that Generali let Mario Greco go that easily,” said Stefan Schürmann, analyst at Vontobel in Zurich....
...Mr Greco will join on March 7, Zurich announced on Thursday – almost two months earlier than previous announced....
...The recruitment of Mr Greco is a coup for the Swiss group, which has faced a catalogue of problems in recent months....
...Mr Greco also joined Generali in difficult circumstances....
...So said Italian insurer Generali after its boss, Mario Greco, was poached by rival Zurich. One thing did: its shares are down 4 per cent since the news hit in January....
...Mr Greco, who had worked at Zurich before moving to Generali, replaces Martin Senn, who quit in December....
...Mr Greco is in good company in his frustration....
...And they are the two companies that opted for outsiders — Martin Senn has been replaced by Generali’s Mario Greco at the Swiss insurer, and Bruce Hemphill took charge of Old Mutual in November....
...● Related Lex note: AIG — stakes in the ground Zurich investors pin hopes on comeback under Greco Mario Greco quit as chief executive of Generali after three years spent turning round the Italian insurer...
...And last summer, Mario Greco, who ran the general insurance division, left to become CEO of Generali. Zurich’s shares were 2.9 per cent lower at SFr227.90 in lunchtime trading....
...Can Generali boss Mario Greco make the insurer operate as one? At Monday’s investor day he promised a revolution of discipline, simplicity and focus....
...With Italy smouldering in the eurozone crisis, Mr Greco does not have much time to get to grips with Generali’s problems....
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