Italy's top insurer Generali said on Wednesday it would create a new organizational structure at group level, designed to fully support the delivering of its 3-year plan, which was unveiled in December. Under the new structure, effective from Sept. 1, current country manager for Italy, Marco Sesana, is appointed General Manager in the group's head office, overseeing all operational business units, Generali said in a statement. Giancarlo Fancel, currently group Chief Risk Officer, will be the new country manager for Italy, while Giovanni Liverani will be the chief executive of a newly created business unit which includes Germany, Austria and Switzerland.
(Bloomberg) -- Assicurazioni Generali SpA’s asset management unit intends to buy investment firms specialized in US credit markets and renewable energy, as the Italian insurance giant seeks to win outside money beyond its traditional base. Most Read from BloombergTarget Tries to Save Itself by Putting Everything on SaleAmazon’s Stock Split Delivers More Than Bargained ForTarget's Oversupply Problem Should Scare All RetailersHedge Fund D1 Borrowed Billions for a Hot Bet That Now Faces ReckoningTh
MILAN (Reuters) -The candidate to replace entrepreneur Francesco Gaetano Caltagirone on the board of Italy's Generali has turned down the position, potentially opening the way for one of Caltagirone's defeated leadership candidates to take up the role. Caltagirone, Generali's second-largest shareholder, quit the board last month, opening a new chapter in a long-standing shareholder dispute. The company's appointments committee had proposed co-opting Roberta Neri, the next unelected candidate on the slate presented by Caltagirone for a board renewal in April.