Latest Generali Life Assurance (Thailand) Plc. Headlines

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Generali’s 2nd Largest Investor, Who Sought to Oust CEO, Quits Board

May 27 2022 // Francesco Gaetano Caltagirone, the second largest shareholder in Assicurazioni Generali, has quit its board, the Italian insurer said on Friday, opening a new chapter in a long-standing shareholder row.Caltagirone holds a...

Generali Q1 Net Profit Beats Forecasts, Despite Russia Impairments

May 19 2022 // Assicurazioni Generali beat expectations in the first quarter even as impairments on Russia drove net profit lower, a boost for CEO Philippe Donnet who last month won a shareholder battle to keep his job for another three...

People Moves: QBE Hires RSA’s Germain as Group CIO; MS Amlin Taps AXIS’ Ferguson for Open Mkt. Property; Generali Names 3 for Italy, Global Business Lines

May 16 2022 // This edition of International People Moves details appointments at QBE Insurance, MS Amlin, and Generali.A summary of these new hires follows here. QBE Hires RSA’s Germain as Group Chief Information OfficerQBE...

Generali Increases Stake in Indian Non-Life Joint Venture

May 9 2022 // Italy’s top insurer Generali said on Friday it had completed the acquisition of a 25% stake in its Indian non-life insurance joint venture, increasing its holding to 74% after receiving regulatory and competition...

Generali’s Board Reappoints CEO Without Support From Rebel Investors: Sources

May 3 2022 // The board of Generali on Monday reappointed Philippe Donnet as chief executive with 10 votes in favor out of 13, two sources said, after a group of rebel Italian investors seeking to oust him lost out in a shareholder vote...

Update: Generali’s CEO Survives Leadership Challenge, but Rebels Take Board Seats

Apr 29 2022 // Philippe Donnet kept his job as chief executive of Italian insurer Generali on Friday, surviving a challenge from rebel domestic investors who retained board seats and vowed to keep up the pressure for reform.The vote at...

Update: Who’s Who in Generali’s CEO Election Drama

Apr 28 2022 // Philippe Donnet, who has been CEO at Europe’s third-largest insurer since 2016, is running for reappointment with the backing of Generali’s outgoing board and its leading shareholder Mediobanca.Donnet’s...

Generali’s Shareholders to Decide CEO Donnet’s Fate at Friday’s AGM

Apr 27 2022 // Generali’s shareholders will decide the future of the Italian insurer’s CEO Philippe Donnet in a vote on Friday, after a rebel investor locked in a bitter power struggle proposed a rival.Donnet, chief executive...

Generali Investor Deka Will Vote for Current Management, Led by CEO Donnet

Apr 26 2022 // Generali investor Deka Investment will vote in favor of current management led by chief executive Philippe Donnet, the asset manager’s head of corporate governance said on Monday.Shareholders in Italy’s biggest...

Major Generali Investor Norges Backs Reappointment of CEO Donnet

Apr 22 2022 // Norges Bank Investment Management, one of the main institutional investors in Generali GASI.MI, backs the reappointment of CEO Philippe Donnet, a proxy voting record on the website of the company running Norway’s...

Generali Shareholders Urged to Back Reappointment of CEO Donnet

Apr 11 2022 // Leading investor advisers have recommended shareholders at Generali back the proposal by the Italian insurer’s outgoing board to hand CEO Philippe Donnet another term at the helm, documents showed on Saturday.In...

Rebel Generali Investor Could Mount Legal Challenge if Bid to Remake Board Fails

Apr 7 2022 // A rebel investor in Generali could mount a legal challenge if his bid to appoint new top executives at Italy’s largest insurer loses by a narrow margin in a shareholder vote this month, a candidate for the...

Generali Investor Del Vecchio Backs Change in Insurer’s Leadership

Mar 31 2022 // Italian tycoon Leonardo Del Vecchio is backing a push for a change in leadership at Assicurazioni Generali SpA, saying that a proposed slate of new managers put forward by investor Francesco Gaetano Caltagirone could free...

Generali Fires CEO Donnet’s Internal Rival as Power Struggle Continues

Mar 28 2022 // Generali has fired executive Luciano Cirina, who is challenging incumbent Philippe Donnet for the role of chief executive, with immediate effect for alleged breach of contract, Italy’s largest insurer said on...

Update: Challengers to Generali’s Management Target Higher Growth, Bigger M&A

Mar 25 2022 // The rebel challengers to Generali’s current management pledged to grow earnings by double figures through cost cuts and free up more cash for M&A deals for Italy’s largest insurer.Generali is facing a power...

Generali Investor Wants Insurer to Be Multinational ‘With Italian Sovereignty’: Report

Mar 25 2022 // Francesco Gaetano Caltagirone, a leading investor in Generali, wants Italy’s top insurer to grow into a big multinational “with Italian sovereignty,” the business tycoon was quoted as saying on...

Generali Suspends CEO Donnet’s Internal Rival in Ongoing Power Struggle

Mar 24 2022 // Insurer Generali said on Wednesday it had suspended Luciano Cirina, its head of Austria and CEE countries, who has been proposed by a leading shareholder for the role of chief executive in a challenge to incumbent Philippe...

Leading Generali Investor Proposes Insurer’s Austria Chief as New CEO

Mar 16 2022 // A leading Generali shareholder on Tuesday proposed naming the Italian insurer’s head of Austria as its new chief executive, in a challenge to the reappointment of Philippe Donnet.Generali’s outgoing board has...

Generali CEO Confident of Closing on Additional Stake in Its Indian Joint Venture

Mar 16 2022 // Generali is confident it will finalize the acquisition of a bigger stake in its Indian joint venture Future Generali after an Indian court cleared the path for the deal last week, Chief Executive Philippe Donnet said on...

Generali Reports Record Operating Profit in 2021, as Board Battle Looms

Mar 15 2022 // Italy’s top insurer Generali, facing a power struggle over its management, said on Tuesday it posted record operating profit last year thanks to a strong contribution from all of its business segments.Generali also...