Generali looks to strengthen domestic market share

MILAN – Italy’s biggest insurer Assicurazioni Generali on Monday said it would launch a €1.17billion euro ($1.4 billion) buyout offer for smaller rival Cattolica. This would further strengthen its domestic market share. Consolidation was on the cards for Italy’s insurers when Intesa Sanpaolo took over rival lender UBI last year to build a banking and […]

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