Vienna - Delayed Quote EUR

Assicurazioni Generali S.p.A. (AGEN.VI)

29.62

+0.14

+(0.47%)

At close: January 24 at 3:30:16 PM GMT+1

Explainer-How billionaire Caltagirone could influence Italy's banking M&A wave

Italian billionaire Francesco Gaetano Caltagirone has emerged as a leading player in the reshaping of Italy's financial sector that is currently under way. Caltagirone last year expanded his investments in Italy's financial sector and is now a key shareholder in bailed-out bank Monte dei Paschi di Siena (MPS) and fund manager Anima Holding. On Friday MPS launched a surprise 13.3 billion euro all-share offer to buy merchant bank Mediobanca, in which over the last five years Caltagirone has become the second-biggest investor.

Reuters yesterday

CALT.MI

MDIBY

G.MI
How Italy's MPS went from near collapse to bid for revered merchant bank

Monte dei Paschi (MPS) CEO Luigi Lovaglio has pulled several all-nighters since arriving in Siena in early 2022, when Italy's Treasury picked him out to revive the fortunes of the world's oldest bank, five years after bailing it out. MPS stock traded at 7 euros this week when Lovaglio and his finance chief Andrea Maffezzoni have emerged from two all-nighters that ended in them launching a 13.3 billion euro ($14 billion) all-share takeover bid for larger rival Mediobanca, Italy's historic investment bank. MPS, which once threatened to spread contagion across the industry, is bidding for a bank that for decades held sway over Italy's financial arena.

Reuters yesterday

MDIBY

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G.MI
Generali, BPCE announce $1.9tn global asset management JV

The combined entity will have equal ownership, with each party holding 50% and sharing governance and control.

Private Banker International 3 days ago

G.MI
Generali to buy majority stake in credit investment firm MGG for $320m

MGG will remain under Kevin Griffin's leadership, with its investment strategy and processes unchanged.

Private Banker International 5 days ago

G.MI
Hedge funds: compensation scheme or asset class?

Welcome to FT Asset Management, our weekly newsletter on the movers and shakers behind a multitrillion-dollar global industry. This article is...

PREMIUM
Financial Times 6 days ago

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Italy’s Generali Agrees to Acquire US Credit Investment Firm MGG

(Bloomberg) -- Assicurazioni Generali SpA agreed to buy control of New York-based credit investment firm MGG Investment Group as the Italian insurer looks to expand in the private asset business.Most Read from BloombergNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesScaramucci, Ackman Donate to Whitney Tilson’s NYC Mayoral RunIn a City of Sprawl, Wildfire Evacuation Is Getting HarderWill Americans Ever Lose Their Taste for Telework?What LA’s Fires Mean for the City’s Housing Shor

Bloomberg 8 days ago

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Generali Investments buys majority stake in U.S. investment firm MGG

Generali Investments, the global investment arm of Italy's top insurer Generali, said on Friday it had signed an agreement to buy a 77% stake in the U.S. investment firm MGG Investment Group for $320 million. Founded in 2014 by Kevin Griffin and McCourt Global, a private family company, New York-based MGG has over $6 billion in assets under management and provides senior secured loans and structured capital solutions to U.S. middle market businesses.

Reuters 8 days ago

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Billionaire Clans Jostle For Power in Italy's Reshaped Banking Sector

(Bloomberg) -- Two of Italy’s most prominent billionaire clans are emerging as key power brokers in the biggest reshaping of the country’s banking industry for more than a decade. Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesWill Americans Ever Lose Their Taste for Telework?Scaramucci, Ackman Donate to Whitney Tilson’s NYC Mayoral RunChicago Agency Pitches $1.5 Billion Plan to Fix Transit WoesThe

Bloomberg 9 days ago

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BAMI.MI
Generali to offload Philippines unit to Insular Life

The deal aligns with Generali's plan, Lifetime Partner 24: Driving Growth, which includes a focus on its established markets.

Life Insurance International last month

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Radisson Collection’s first property in Madrid to open in 2027

Situated in the Canalejas area, the hotel will feature 154 guest rooms and suites, as well as a rooftop bar and restaurant.

Hotel Management Network last month

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In asset management, big is beautiful — but it is not enough

Facing stagnant revenues and rising costs, the also-rans of the asset management world are under crushing pressure to team up. The latest example...

PREMIUM
Financial Times last month

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RBI approves Central Bank of India’s insurance JV with Generali

The condition is subject to fulfilment of ongoing compliance requirements set by the RBI and consent from IRDAI.

Life Insurance International last month

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Generali registers net profit of €2.96bn in 9M 2024

The life operating result rose by 8.9% to €3.035bn ($3.21bn), while property and casualty (P&C) grew 2.5% to €2.21bn.

Life Insurance International 2 months ago

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Generali (ARZGY) Q3 2024 Earnings Call Highlights: Strong Business Growth Amidst Challenges

Generali (ARZGY) reports robust new business growth and improved profitability, despite facing natural catastrophe impacts and tax reform challenges.

GuruFocus.com 2 months ago

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Generali’s Natural Catastrophe Hit Offset By Better Performance

The insurer reported better-than-expected profit on higher gross written premiums and net inflows from its life business.

The Wall Street Journal 2 months ago

ARZGF

ARZGY
Generali (ARZGF) (Q2 2024) Earnings Call Highlights: Strong Operating Results Amidst Challenges

Generali (ARZGF) reports robust growth in operating results and assets under management, despite a decline in adjusted net results and market challenges.

GuruFocus.com 3 months ago

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Generali finalises deal to divest stake in Turkish operations to group of investors

This move aligns with the company's plan to focus on markets where it has a significant presence.

Life Insurance International 4 months ago

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Italian private bank Banca Generali bids for broker Intermonte

MILAN (Reuters) -Italian private bank Banca Generali on Monday said it was launching a 98 million euro ($109 mln) all-cash buyout bid for Intermonte, to take the Milanese broker private and direct its services at Banca Generali clients. Shares in Intermonte failed to start trading at the market open, and were last indicated up 19.6%, broadly in line with the 21.9% premium over Friday's closing price of 2.49 euros being offered by Banca Generali, shares of which were flat. The deal highlights rising competition in the wealth management sector, where players that cannot compete in terms of scale are looking for market niches and a specialised product offer.

Reuters 4 months ago

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BGN.MI
Generali launches RedClick brand in Irish market

This launch comes after Generali's acquisition of Liberty Insurance's operations in the region last year.

Life Insurance International 4 months ago

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Generali H1 profit slips, GWP grows on P&C and life gains

Generali's gross written premium stood at €50.14bn in H1 2024, marking a 20.4% increase from €42.23bn in H1 2023.

Life Insurance International 5 months ago

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Performance Overview

Return	AGEN.VI	FTSE MIB Index
YTD	+8.14%	+5.89%
1-Year	+51.68%	+20.36%
3-Year	+100.10%	+33.77%

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Assicurazioni Generali S.p.A. (AGEN.VI)

Explainer-How billionaire Caltagirone could influence Italy's banking M&A wave

How Italy's MPS went from near collapse to bid for revered merchant bank

Generali, BPCE announce $1.9tn global asset management JV

Generali to buy majority stake in credit investment firm MGG for $320m

Hedge funds: compensation scheme or asset class?

Italy’s Generali Agrees to Acquire US Credit Investment Firm MGG

Generali Investments buys majority stake in U.S. investment firm MGG

Billionaire Clans Jostle For Power in Italy's Reshaped Banking Sector

Generali to offload Philippines unit to Insular Life

Radisson Collection’s first property in Madrid to open in 2027

In asset management, big is beautiful — but it is not enough

RBI approves Central Bank of India’s insurance JV with Generali

Generali registers net profit of €2.96bn in 9M 2024

Generali (ARZGY) Q3 2024 Earnings Call Highlights: Strong Business Growth Amidst Challenges

Generali’s Natural Catastrophe Hit Offset By Better Performance

Generali (ARZGF) (Q2 2024) Earnings Call Highlights: Strong Operating Results Amidst Challenges

Generali finalises deal to divest stake in Turkish operations to group of investors

Italian private bank Banca Generali bids for broker Intermonte

Generali launches RedClick brand in Irish market

Generali H1 profit slips, GWP grows on P&C and life gains

Performance Overview