Generali Chairman Said to Resign

Generali Chairman Cesare Geronzi is planning to call an extraordinary board meeting in the coming days to clarify the governance of Europe's third-largest insurer, people with knowledge of the situation said.

Generali Chairman Cesare Geronzi is planning to call an extraordinary board meeting in the coming days to clarify the governance of Europe's third-largest insurer, people with knowledge of the situation said.

Cesare Geronzi, head of investment bank Mediobanca, will be named chairman of Italian insurer Generali, a person familiar with the matter told AFP Friday.Geronzi will replace current chairman Antoine Bernheim at the head of Generali, while French industrialist Vincent Bollore will become vice-chairman.On Friday, Mediobanca said its appointments committee had met to draw up a list of proposed appointments to Generali's board of directors, a process it said would "be completed by mid-way through next week."

Diego Della Valle clearly wants to make sure his presence at Assicurazioni Generali is being felt – even though Cesare Geronzi is presumably in no mood to hoist the white flag

The European Central Bank needs to exercise caution in winding down its unconventional monetary policy at a time when the Federal Reserve continues to pursue such measures, said Cesare Geronzi, the chairman of Assicurazioni Generali, one of Italy's largest insurers.

French financier Antoine Bernheim, stepping down from the helm of Generali on Saturday, charged he was forced out of the Italian insurance giant by foes who used his advanced age as a pretext."It appears that today, at age 85, I am an old man in his dotage," Bernheim said in an emotional speech to shareholders.Bernheim is to hand over the reins of Europe's third largest insurer to Cesare Geronzi, head of Italy's leading investment bank Mediobanca.

The veteran Italian financier and former chairman of Assicurazioni Generali faces jail over food group’s bankruptcy

TORONTO — Ontario’s Liberals “bought the last election,” the Progressive Conservatives charged Monday as they introduced a non-confidence motion for the minority government over cancelled gas plants, knowing it has little chance of coming to a vote. It’s clear the Liberals knew they were in trouble before the 2011 election and decided that cancelling planned gas-fired power plants in Oakville and Mississauga would help them stay in power, said PC house leader Jim Wilson.