Latest Italy Headlines

All the headlines from our Italy Topic Page, ordered by recency.

AI Push Sees Italy’s Intesa Axing 9,000 Jobs in ‘Generational’ Shift

Oct 24 2024 // Intesa Sanpaolo SpA is replacing thousands of staff with younger hires to set the firm up for the use of artificial intelligence, demonstrating how much the technology is impacting workers across the financial industry.The...

North-Central Italy Sees Floods, Road Closures After Heavy Rains

Oct 21 2024 // Floods engulfed parts of north-central Italy from overflowing rivers following days of heavy rain, prompting the state-led road operator to close some expressways.Severe flooding was seen in the region of Emilia Romagna on...

Italy to Tap Banks, Insurers for €3.5 Billion in Budget Plan

Oct 16 2024 // Prime Minister Giorgia Meloni’s cabinet is tapping Italy’s banks and insurers to help finance its budget, according to a new plan designed to deliver on giveaways pledged to voters.Most of the amount will be...

People Moves: BHSI Launches in Italy, Names Country Leader, Key Team Members; QBE Iberia Names Díaz-Guardamino as Managing Director

Sep 23 2024 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI) and QBE Iberia.A summary of these new hires follows here. BHSI Launches in Italy, Names Country Leader and...

Storm Warnings Issued Across Southern Europe – From Italy to Serbia

Aug 27 2024 // Thunderstorm alerts are in place for a swath of Europe from the south of France to the Balkans.There are orange warnings for Lombardy, Piedmont, Tuscany and Umbria in Italy, as the summer heat gives way to violent storms....

Deadly Blast at Enel Plant in Italy Came Amid Maintenance Work

Apr 10 2024 // A deadly explosion at an Enel SpA hydropower facility in northern Italy that left at least three people dead occurred as works to renew facilities at the 1970s-era plant were concluding.The accident took place some 40...

EU Backs Supply Chain Audit Law After Italy Switches Sides

Mar 15 2024 // European Union governments backed a proposed law requiring large companies in the bloc to check if their supply chains use forced labor or cause environmental damage after Italy switched sides.A “qualified...

Italy’s Data Watchdog Probes Open AI Tool That Turns Text Into Video

Mar 11 2024 // Italy’s data protection agency said on Friday it had opened an investigation into a service developed by Microsoft-backed Open AI that can generate videos based on text prompts.The regulator, known as Garante, asked...

Italy’s Fondazione CRT Lifts Stake in Generali to 2%, Its Chairman Says

Feb 20 2024 // Italy’s Fondazione CRT has increased its stake in insurer Generali around 2% after selling its entire holding in Italian bank Banco BPM last week, its chairman Fabrizio Palenzona said on Tuesday.“We are and...

Italy’s Generali to Acquire Full Control of Chinese Non-Life Joint Venture for $108M

Jan 10 2024 // Italy’s biggest insurer Generali on Wednesday said it would acquire full control of a non-life insurance joint-venture in China by buying out local partner CNPC Capital for around 99 million euros ($108...

January’s Property Cat Renewals See Biggest Price Hikes in Turkey, Italy and US

Jan 4 2024 // While the reinsurance market indeed stabilized during the January 2024 reinsurance renewals (from the chaotic January renewals of last year), buyers with loss-affected programs experienced further upward pressure on...

Insurer Sued Over 80th Birthday Event Cancellation at Sting’s Estate in Italy

Sep 28 2023 // A Pennsylvania firm that organized a three-day musical festival for its owner’s 80th birthday at the Italian residence of musician Sting is suing its insurer seeking payment under an event cancellation...

Wildfires Rage Across Greece With Record Heat Forecast for Italy

Jul 24 2023 // Wildfires are raging across Greece after about 19,000 people were evacuated from the island of Rhodes over the weekend, while record temperatures are forecast for Sardinia.Over the past 24 hours, 162 fires have been...

Italy Prosecutors Probe False Accounting Allegations Related to Insurer Eurovita: Source

Jun 30 2023 // Prosecutors in Milan are probing allegations of false accounting in relation to the crisis of Italian life insurer Eurovita, a person with knowledge of the matter said on Friday.Owned by Cinven, Eurovita this year became...

Italy’s Insurance Protection Gap Exposes State Finances to Natural Disasters

Jun 29 2023 // Lamberto Mongardi, a farm owner in the northern Italian town of Lugo, was hit twice when torrential rain lashed the area last month: not only was much of his property washed away, but he also discovered his insurance cover...

People Moves: Liberty Specialty Mkts Taps AXA XL’s Prato as London President; Carpenter Names Howden’s Cacia as Italy CEO; 2 Key Broking, Analytics Roles Also Hired

Jun 20 2023 // This edition of International People Moves details appointments at Liberty Specialty Markets and Guy Carpenter.A summary of these new hires follows here. Liberty Specialty Markets Names AXA XL’s Prato as London...

Triple-Whammy of Cyclones, a 1-in-200-Year Event, Drove Italy’s Flooding: Scientists

Jun 1 2023 // A rare, triple-whammy of cyclones drove the deadly flooding that devastated much of northern Italy this month, but scientists said Wednesday that climate change doesn’t seem to be to blame for the intense...

Fruit Harvest Faces Ruin After Floods Hit Italy’s Emilia-Romagna

May 22 2023 // Deadly floods in northern Italy will ravage fruit production in what is normally one of the country’s most bountiful agricultural regions, farm lobby Coldiretti said on Monday.Floods killed 14 people last week in...

Ransomware Hackers Are Targeting Known Server Vulnerability, Italy Warns

Feb 7 2023 // Thousands of computer servers have been targeted by a global ransomware hacking attack targeting VMware ESXi servers, Italy’s National Cybersecurity Agency (ACN) said on Sunday, warning organizations to take action...

People Moves: Howden Italy Taps Aon’s Casini as CEO; BIBA Extends Evans’ Tenure as Chair; Sedgwick Promotes Simoncic to President, Property and International

Jan 12 2023 // This edition of International People Moves details appointments at Howden Italy, the British Insurance Brokers’ Association (BIBA), and Sedgwick.A summary of these new hires follows here. Howden Italy Taps...