Italy
Fitch affirms Generali at A- with negative outlook
Fitch has confirmed the ratings of Italian insurance giant Generali, locking the insurer and its core subsidiaries’ Insurer Financial Strength score at A- with a negative outlook.
International: The key to protecting property
With economies recovering across Europe, the property market is beginning to show signs of movement again. But with the credit crunch still fresh in people’s memories, insurers are seeking to reassure those feeling cautious about property transactions.
Allianz seeking €1.2bn asset deal with Italian insurer
Italian insurer Unipol Gruppo Finanziario is considering a proposal from Allianz to buy €1.2bn (£987m) of insurance assets.
Generali backs Italian stem cell trial
Italian insurer Generali and research organisation Associazione Revert Onlus have begun a three-year partnership to support cell therapy clinical trial on Amyotrophic Lateral Sclerosis.
International: Europe boards the telematics train
European powerhouse Germany is the latest country to show an appetite for collecting driving data. But the global spread isn’t stopping there.
European PI market to be worth £6.27bn by 2017
The professional indemnity insurance market across 10 European countries - Austria, Belgium, France, Germany, Italy, Netherlands, Poland, Spain, Switzerland and the UK- will be worth around €7.5bn (£6.27bn)by 2017.
UK leads Europe for PI cover
The UK has the largest market for professional indemnity insurance in Europe according to research by Finaccord.
Generali on negative watch after S&P adjusts ratings criteria
Ratings agency Standard & Poor's has placed Italy’s Generali on credit watch with negative implications.
Sovereign risks persists for Italian insurers amid weak non-life growth
Eurozone sovereign risk will continue to negatively affect Italian insurers in 2014 given the significant amounts of government and corporate debt held in their investment portfolios, according to Fitch.
Generali sells Fata Danni to Cattolica for €179m
Italian insurer Generali has agreed to sell its agricultural risks business Fata Assicurazioni Danni to Cattolica for €179m (£149m).
Seventeen dead after Cyclone Cleopatra hits Sardinia
Italy has declared a state of emergency after a deadly cyclone hit the island of Sardinia.
Aviva to sell stake in Italian insurer Eurovita
Aviva is selling its 39% stake in Italian insurer Eurovita Assicurazioni to JC Flowers for €33m (£27m).
Aviva to sell stake in Italian insurer Eurovita
Aviva is selling its 39% stake in Italian insurer Eurovita Assicurazioni to JC Flowers for €33m (£27m).
Ace appoints Moghrabi regional president for Continental Europe
Ace Group has appointed two senior executives in Continental Europe.
Cash compensation for the minority shareholders of Generali Deutschland Holding
As part of the squeeze-out procedure to take full control of Generali Deutschland Group, Assicurazioni Generali has notified its subsidiary Generali Deutschland Holding AG about the amount of cash compensation to be granted to the minority shareholders…
Bolloré resigns as Generali vice-chairman
French billionaire Vincent Bolloré has resigned from his role as Generali vice-chairman in order to spend more time working at Paris-based conglomerate Vivendi.
Europe: The cost of Concordia
What has the Costa Concordia disaster meant for the European marine market?
Spain and Italy most interested in telematics
A majority of drivers in the six largest motor insurance markets in Europe have indicated they are willing to embrace telematics-based products, according to research by Towers Watson.
Costa Concordia salvage operation underway
The operation to right the Costa Concordia started at 07.00 GMT this morning, and is expected to take up to 12 hours.
Guy Carpenter names PSG executive for France, Iberia and Italy
Guy Carpenter has announced Dorothée Mélis-Moutafis is to become managing director of the firm’s Property Solutions Group, taking specific responsibility for France, Iberia and Italy.
Europe: The cost of Concordia
What has the Costa Concordia disaster meant for the European marine market? Katie Marriner finds out.
Costa Concordia removal to cost $1.1bn says Munich Re
The loss for the stricken ship Costa Concordia continues to grow with Munich Re revealing removal costs for the wreck are likely to exceed $1.1bn.
Europe: Aggregation domination
Research suggests that the use of aggregators in Europe is growing but can the continent replicate the price comparison success seen in the UK? Mark Sands investigates.
Generali net profit hits €1.08bn after strong P&C performance
Generali recorded a 28% rise in first half net profit to €1.08bn following its restructuring programme.