Generali disposes of insurance arms in two LatAm countries
Generali is selling its businesses in two Latin American countries as part of its plan to exit weaker markets to slash costs and boost profits.
Generali
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Generali puts $50bn German life book up for sale
Italian insurer Generali has put its $50bn (£38bn, €44bn) closed book German life insurance unit up for sale as part of a worldwide restructure of its European operations, Reuters has reported.
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Ex-deVere regional manager joins Carrick Wealth: PEOPLE MOVES
A former deVere regional manager for Africa is to join Carrick Wealth as group business development manager. Generali has appointed a country manager for France, with StanChart Private Bank adding a director of its wealth intermediaries team.
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Generali sets out fresh plans for asset management expansion
Generali unveiled a fresh push into asset management and said it will bolster its fee-based business, after reporting a 9% fall in first-quarter profits on Thursday.
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Generali PanEurope cuts commission on ‘loss making’ product
Dublin-based Generali PanEurope has announced plans to cut the upfront commission by a third on its Vision regular savings plans which have terms of less than 10-years.
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PEOPLE MOVES: Vanguard, Generali, Wealth Club
Vanguard has a new managing director of its Japanese operations, while Generali Investments has made some changes to its board. One of Wealth Club’s co-founders has left the business after just a year.
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Generali delivers solid results as life business improves
Italian insurer Generali Group described its 2016 results as “excellent”, benefitting from “very strong net inflows” in its Life segment, an earlier cost cutting exercise, and a change in the product mix of its domestic business.
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Axa reports record revenues as CEO rules out Generali bid
French insurer Axa said revenues crossed the €100bn (£84bn, $105bn) mark for the first time in the company’s history as chief executive Thomas Buberl distanced himself from a bid for Generali’s German life insurance business.
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Generali Investments launches global multi-asset income fund
Generali Investments, the asset management arm of Italy’s Generali Group, has launched a global multi-asset income fund, which aims to generate a stable payout while also growing capital.
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PEOPLE MOVES: Standard Life, Quilter Cheviot, Crowe CW
Standard Life’s chief executive for UK and Europe Pensions and Savings is to retire, with Quilter Cheviot’s chief executive announcing similar plans. Audit, tax and advisory firm Crowe Clark Whitehill sadly announced on Friday that its national head of private clients has died.
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Generali terminates general manager and group CFO’s contract
Italian insurer Generali has reached an agreement with general manager and group chief financial officer, Alberto Minali, to terminate his employment contract, effective from 31 January.
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Generali Worldwide launches ‘highly interactive’ online planning tool
Generali Worldwide has launched an online tool that allows financial advisers to analyse the progress of client plans and to financially assess the potential impact that altering various plan details would have on their objectives.