Latest Italy Headlines

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

Coverys European Holdings Subsidiary Acquires Lloyd’s Italian Coverholder Gava

Nov 5 2020 // AEC Wholesale Group, a subsidiary of Coverys European Holdings (CEH), announced the acquisition of Gava S.R.L, a Lloyd’s coverholder based in Brindisi, Italy.AEC Group will assume 100% ownership of Gava, bringing the...

Coverys European Holdings Acquires Bridge Insurance Broker in Italy

Oct 26 2020 // Coverys European Holdings (CEH), an agency platform and network specializing in European markets, has completed the 100% acquisition of Bridge Insurance Broker S.R.L, a Lloyd’s wholesale broker and coverholder based...

Update: Italy’s Tax Police Raid Offices of Generali in Probe About Insurance Contracts

Oct 23 2020 // Italy’s tax police raided the offices of state railway Ferrovie dello Stato (FS) and Generali to gather documents in a probe related to the awarding of contracts to the Italian insurer, a document seen by Reuters on...

Talanx Acquires Italian Non-Life Insurer Amissima

Oct 22 2020 // The Talanx Group, the Hanover, Germany-based insurance group, announced it is expanding its business in Italy by making a bolt-on acquisition, via its Italian subsidiary.HDI Assicurazioni, a subsidiary of HDI International...

COVID-19 Signals Billions in Long-Term Healthcare Costs Ahead

Aug 3 2020 // Late in March, Laura Gross, 72, was recovering from gall bladder surgery in her Fort Lee, New Jersey, home when she became sick again.Her throat, head and eyes hurt, her muscles and joints ached and she felt like she was...

Italy’s Generali Eyes Possible Acquisition of U.S. Asset Manager Brightsphere: Sources

Jun 29 2020 // Assicurazioni Generali SpA has approached Brightsphere Investment Group Inc about a possible acquisition of the U.S. asset management firm, people familiar with the matter said on Friday.A deal would expand the U.S....

Italy’s Generali Moves to Become Cattolica Major Shareholder, Strategic Partner

Jun 26 2020 // Italy’s largest insurer Assicurazioni Generali SpA said it will become a major shareholder in Cattolica Assicurazioni SC and a strategic partner with Cattolica in several areas of mutual opportunity.Generali said it...

Billionaire Del Vecchio Doesn’t Seek Merger Between Generali and AXA or Zurich: Source

Jun 3 2020 // Leonardo Del Vecchio’s plans to boost the European presence of Italy’s top insurer Generali do not include a cross-border merger with rivals AXA or Zurich, a source close to the billionaire said on...

Italy’s Regulator Asks Insurer Cattolica to Boost Its Capital by $557M on COVID-19 Impact

Jun 1 2020 // Cattolica Assicurazioni said on Monday that Italy’s insurance regulator had told it to raise 500 million euros ($557 million) after the coronavirus crisis knocked its solvency ratio, a measure of financial...

Billionaire Del Vecchio Seeks to Raise Stake in Generali’s Biggest Investor, Mediobanca

Jun 1 2020 // Italian eyewear billionaire Leonardo Del Vecchio stepped up his efforts to become a bigger player in Italy’s finance industry, asking for approval to raise his stake in Mediobanca SpA to as much as 20%. The shares...

Italy to Protect Businesses from Liability if Workers Catch Coronavirus: News Report

May 18 2020 // Italian businesses that follow the health and safety rules are protected from liability in case returning workers catch coronavirus, the head of the country’s insurance association said in an interview with La...

Ferrari Provides Coronavirus Tests so Employees Can Return to Work

Apr 21 2020 // Workers at Ferrari are signing up en masse for voluntary coronavirus screening so they can return to work as soon as possible in an ambitious scheme that could serve as a blueprint for manufacturers desperate to resume...

Italy’s Generali to Pay 2019 Dividend, Resisting EU Regulatory Guidance

Apr 13 2020 // Italy’s biggest insurer Generali on Friday said it would pay its 2019 dividend in two tranches, confirming a total payout of 0.96 euros per share, citing its strong capital position.The announcement flies in the face...

MGU Victor Taps Bonfà from US Underwriting Solutions as Country Leader of Victor Italia

Apr 9 2020 // Victor Insurance Holdings, the world’s largest managing general underwriter (MGU), announced the appointment of Matteo Bonfà as country manager, Victor Italia S.r.l., effective immediately.Bonfà is based in Milan...

EU Countries Give Guarantees to Credit Insurers to Prevent Coverage Cuts

Apr 1 2020 // European Union states are giving guarantees to credit insurers in a bid to keep coronavirus-hit companies afloat, as some firms cut cover for trade involving bloc members such as Italy and Spain, sources said.Without...

Supply Chain Problems Move from China to U.S. and Other Nations

Mar 23 2020 // Freight carriers are struggling to deliver goods by land, sea or air as the coronavirus pandemic forces Western governments to impose lockdowns, threatening supplies of vital products including medicines into the most...

Western Supply Chains Begin to Buckle on Expanding Coronavirus Lockdowns

Mar 23 2020 // Freight carriers are struggling to deliver goods by land, sea or air as the coronavirus pandemic forces Western governments to impose lockdowns, threatening supplies of vital products including medicines into the most...

Europe’s Soccer Clubs May Face $1B Bill if Coronavirus Forces Season Cancellation

Mar 16 2020 // If the coronavirus forces Europe’s soccer leagues to cancel the rest of the season, TV networks may be able to demand more than $1 billion in compensation.The move to suspend international games and competitions in...

Italian Companies, Including Generali, to Provide Funds for Coronavirus Crisis

Mar 13 2020 // Italy’s biggest insurer, Generali, on Friday joined a growing number of companies that have rushed to provide funds to hospitals and non-profit organizations to fight the coronavirus crisis.Italy has been hardest hit...

Italy’s Generali Posts Record Operating Result for 2019

Mar 13 2020 // Italy’s biggest insurer Assicurazioni Generali confirmed all its targets through 2021 on Friday, after posting a record operating result for 2019, despite coronavirus-related uncertainty and soaring market...