Assicurazioni Generali SpA, the largest Italian insurer, named Cesare Geronzi, the outgoing chairman of its largest shareholder, Mediobanca SpA, as its new chairman and Giovanni Perissinotto as its sole Chief Executive.
Allianz may be preparing an acquisition in Switzerland, Kepler analyst Fabrizio Croce wrote in a report today, citing the German insurer’s announced sale today of two Swiss companies. Allianz’s target may be Baloise Holding AG, Switzerland’s third-biggest insurer, the analyst added.
Two of Switzerland’s 133 insurers need to take urgent measures to comply with a solvency test being introduced in January, the country’s market regulator said. Seven others were placed on a watch list.