Exclusive : Generali board votes to oust CEO Perissinotto

The board of Italy's biggest insurer Generali voted on Saturday to oust Chief Executive Giovanni Perissinotto, with 10 no-confidence votes, two sources close to situation told Reuters. The board has yet ...

Top shareholders at Italian insurance giant Generali ousted their CEO with a no-confidence vote Saturday after a public battle over Giovanni Perissinotto's fate and offered his job to someone else.Shareholders frustrated by the company's poor performance on the stock market voted to show Perissinotto the exit, and Mario Greco, an executive of the Zurich Insurance Group, was offered his job.

MILAN (Reuters) - Generali's boss Mario Greco next week unveils an eagerly-awaited road map to put Europe's third-biggest insurer on a path to profits via asset sales and a greater focus on its core business. Analysts expect Greco to spell out where the company sees growth and how it plans to improve its solvency ratio. The long-awaited reorganization of Italy's biggest insurer is the latest in a European sector battered by plunging stock and bond prices and squeezed returns because of a euro zone crisis that has resulted in rock-bottom interest rates. ...

MILAN (Reuters) - Generali's boss Mario Greco next week unveils an eagerly-awaited road map to put Europe's third-biggest insurer on a path to profits via asset sales and a greater focus on its core business.

Assicurazioni Generali will buy the stake it doesn't already own in Generali PPF Holding, the insurer said, as part of a strategic review launched in August by its new chief executive, Mario Greco.

Assicurazioni Generali will buy the stake it doesn't already own in Generali PPF Holding, the insurer said, as part of a strategic review launched in August by its new chief executive, Mario Greco.

LONDON (Reuters) - Generali, Europe's No.3 insurer, expects to boost its capital reserves by about 4 billion euros ($5.34 billion)over the next three years through the sale of peripheral businesses, its Chief Executive said. "We expect the total benefit to the business from the disposal of non-core assets, including those arleady mentioned, as well as possible others, will bring in around 4 billion euros of regulatory capital by end-2015," Mario Greco told reporters on Monday ahead of an investor presentation in London. ...

MILAN (Reuters) - Italy's Assicurazioni Generali has launched a share placement of up to 12 percent of its listed asset management unit Banca Generali as the insurer strengthens its capital base. In a statement on Wednesday Generali said the aim was to optimize capital allocation to help improve its Solvency 1 ratio, a measure of capital strength. At Wednesday's closing price the stake is worth around 200 million euros ($257 million). ...