Mario Greco News
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Assicurazioni Generali SpA, Italy’s biggest insurer, said first-quarter profit rose 6.3 percent as earnings at its non-life insurance business increased.
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Telecom Italia SpA directors authorized an “in-depth” review on a possible combination of its mobile-phone business with Hutchison Whampoa Ltd.’s Italian unit.
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Telecom Italia SpA directors authorized an extension of a review over a combination of its mobile-phone business with Hutchison Whampoa Ltd.’s Italian unit, according to a person briefed on the matter.
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A group of directors appointed by Telecom Italia SpA to review a potential merger with Hutchison Whampoa Ltd.’s local unit remain divided as the Italian company’s board heads into a meeting today, according to five people familiar with the matter.
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Assicurazioni Generali SpA, Europe’s third-largest insurer, plans to cut costs and boost cash flow to more than 2 billion euros ($2.7 billion) by 2015 as it focuses on emerging markets and insurance to restore profitability.
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Assicurazioni Generali SpA Chief Executive Officer-designate Mario Greco faces the task of reviving the largest Italian insurer’s profit that is at a nine- year low as the European debt crisis threatens to engulf Italy.
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Assicurazioni Generali SpA Chief Executive Officer Mario Greco is targeting growing emerging markets as he seeks to revive profit at the third-largest insurer in Europe, a mission that cost his predecessor the job.
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Assicurazioni Generali SpA Chief Executive Officer Mario Greco said he’s “counting on a quarter very similar” to the fourth and “numbers that continue to be positive.”
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Assicurazioni Generali SpA, Europe’s third-largest insurer, targets more than 2 billion euros ($2.7 billion) cash flow by 2015 and lower costs as the company focuses on growing emerging markets and its main insurance business.
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Assicurazioni Generali SpA plans to name Mario Greco, head of general insurance at Zurich Insurance Group AG, as chief executive officer to replace Giovanni Perissinotto, ousted after shares slumped to a 26-year low.
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