Hints and tips:
...renewal ahead of a new term running until 2026, Axa has proposed a pay policy that it says will be fixed for that period and will bring it “in line” with its largest European rivals, Allianz, Zurich and Generali...
...Generali already has close ties with Casino group’s real estate portfolio....
...Axa shares have jumped 25 per cent, beating rival insurers Allianz and Generali and making up most of the ground lost since the XL deal was announced. A wider bump in share prices has helped....
...Windhorst faced a bigger problem: the German financier was accused of reneging on several trading agreements, mainly on Sapinda Invest’s bonds, according to six lawsuits brought by investors including Generali...
...from the deal, rounding out a deleveraging plan it unveiled last year in response to growing concerns about its debt levels, which also saw it sell a larger property portfolio to Italian insurance group Generali...
...Earlier this month Casino said it has sold a minority stake in its solar energy subsidiary GreenYellow for €150m, and also announced a disposal of €565m of real estate assets to Generali....
...The Financial Times revealed shortly afterwards that the buyer was a division of Italian insurance group Generali....
...In Italy, Generali provides a babysitting service for customers who have to stay in hospital....
...This year alone, Cinven, in combination with Hannover Re, has bought a German life insurance portfolio from Generali, while Apollo-owned Athora has bought businesses in Ireland and Belgium....
...The merger is the first big move by Caisse des Dépôts under Eric Lombard, a former head of Italian insurer Generali in France, who took over as head of the group in December....
...French president Emmanuel Macron has nominated Eric Lombard, former head of Italian insurer Generali in France, to head the massive state-backed bank Caisse des Dépôts....
...French chief executives at UniCredit, insurer Generali and Telecom Italia have alleviated concerns that corporate Italy is a closed shop....
...Axa chief executive Thomas Buberl has distanced himself from a bid for Generali’s German life insurance business....
...But the law would not apply if Intesa launched a tender offer for more than 60 per cent of Generali, the person close to Generali said....
...He is also a large shareholder in Mediobanca, the Milan-based investment bank, and owns a small stake in Generali, Italy’s largest insurer....
...Half a million euros stops him working for Generali’s main rivals for six months, which seems reasonable enough. But the remainder is open to question....
...Meanwhile, two Frenchmen were this year made chief executives of Italy's biggest financial groups — Jean-Pierre Mustier at UniCredit and Philippe Donnet at Generali — and French groups own luxury brands...
...Market speculation suggests the scheme has so far focused on telecoms companies such as Telefonica and Orange, utilities like EDF and insurers including Italian business Assicurazioni Generali....
...Generali shares fell 2.2 per cent in morning trading, to €13.47....
...Donnet is currently the CEO of Generali Italia, reports Rachel Sanderson in Milan....
...“Today our competition is Allianz and Generali, but tomorrow it could be Google and Facebook,” he said....
...Last month, Mr Donnet was appointed chief executive of Generali at the Italian insurance group’s annual shareholders’ meeting....
...Mr Bolloré, who owns a small stake in Italy’s largest insurer, had backed the appointment of Mr Donnet, a former Axa executive, for the top job at Generali....
...Generali’s secret had been to shrink and simplify its business. First it sold its US life reinsurance business to France’s Scor....
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