|Bid||15.64 x 40009100|
|Ask||15.66 x 12476100|
|Day's range||15.52 - 15.67|
|52-week range||11.00 - 16.08|
|PE ratio (TTM)||11.68|
|Earnings date||9 Nov 2017|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y target est||15.98|
Oct.16 -- The U.K. economy is not in "any strong position to react positively to a rate hike," Vincent Chaigneau, head of research at Generali Investment, said in an interview with Francine Lacqua on "Bloomberg Surveillance." Bank of England Governor Mark Carney said in Washington last week that a rate increase would be appropriate in the “coming months.”
The chief executive of Assicurazioni Generali (GASI.MI) has damped speculation of a capital increase, saying the Italian insurer does not need one in an interview with German newspaper Handelsblatt published Friday. "Our capital position is strong," he said.
FRANKFURT/LONDON, Sept 1 (Reuters) - European insurers Allianz (Swiss: ALV-EUR.SW - news) and Baloise Holding (LSE: 0R6N.L - news) and London-based buyout fund Cinven are finalising rival offers for Generali (EUREX: 566030.EX - news) 's Belgian unit ahead of a Sept. 8 deadline, sources told Reuters. The deal could value the business at up to 500 million euros ($595 million) in what would be the Italian insurer's biggest divestment in its latest reorganisation. Generali, Europe's third-biggest insurer, wants to wrap up the auction by mid-September finding a new owner for a business that provides anything from life insurance to car cover to a network of about 530,000 retail and corporate clients.
NEW YORK/LONDON, Aug 10 (Reuters) - British insurance entrepreneur Clive Cowdery is raising money for a fourth investment vehicle, at the same time as his third, U.S.-focused fund is being wound down and its sole asset put up for sale, sources aware of the matter told Reuters. Cowdery, founder of The Resolution Group, is one of UK insurance's biggest names, having spent more than a decade acquiring life insurance companies that were usually closed to new clients and then implementing cost savings to help bolster returns. The new Bermuda-based fund will maintain the same focus by reinsuring closed-book businesses in the United States and Europe, according to two sources aware of the matter, who spoke on condition of anonymity as the information isn't public.
Italy's biggest insurer, Generali, reported better-than-expected earnings on Wednesday, supported by an uptick in performance from its non-life business.
Insurers in over 100 countries face a "once in a lifetime" accounting change from January 2021 with the introduction of a uniform international book-keeping standard, details of which will be published on Thursday. Twenty years in the works, the new regulation seeks to make it easier for investors to compare how much insurers like Axa (Paris: FR0000120628 - news) , Prudential (SES: K6S.SI - news) and Generali (EUREX: 566030.EX - news) earn from policies by prising open a "black box" of opaque national practices. Analysts say it will mean billions of euros in compliance costs as insurers ramp up IT systems to recalculate millions of contracts each reporting period.
Zurich Insurance (IOB: 0QP2.IL - news) expects to deliver on its 2017-2019 targets after a strong start to the year, despite a larger-than-expected fall in first quarter net profit due to a change to British claims rules. A more than 3 percent change to Britain's Ogden rate, a tool for calculating personal injury and accident claims, dampened Zurich's core property and casualty business in the quarter. "This is a good start to the year with strong performance from all of our businesses," Chief Financial Officer George Quinn said in a statement.
Italian insurer Generali said it would place more emphasis on its asset management business as it reported its net profit was squeezed due to the ultra-low interest rate environment
European shares fell from 20-month highs on Thursday as weaker banks weighed, with the broader market little moved by a widely expected European Central Bank decision to stand pat on policy. The pan-European ...
Global venture capital firm Accel led the so-called Series A round, which included participation from previous investors Earlybird Venture Capital, Credo Ventures and Seedcamp. Earlybird and Credo have funds focused on Central Europe. Its customers include German airline Lufthansa (Xetra: LHAB.DE - news) , Italian insurer Generali (EUREX: 566030.EX - news) and Norwegian telecoms company Telenor (EUREX: 1160189.EX - news) .
European shares ticked lower on Monday, weighed down by losses among insurance stocks, while exchange operators slipped on expectations that the merger between London Stock Exchange and Deutsche Boerse ...
European shares inched lower on Monday weighed down by losses among insurers, while exchange operators tumbled on the expected failure of the London Stock Exchange's merger with Deutsche Boerse to create ...
European shares rose in early trading on Monday, helped by some well-received earning updates and by a rally in Intesa Sanpaolo shares following the Italian bank's decision to drop plans to take over insurer ...
Forecast-beating 2016 results show British insurer RSA can thrive on its own, two years after rival Zurich Insurance (IOB: 0QP2.IL - news) walked away from a bid, it said on Thursday. Shares (Berlin: DI6.BE - news) in the home and motor insurer, best known in Britain for its More Than brand, rose more than 5 percent after it reported a strong performance last year across most of its main businesses in Britain, Ireland (Other OTC: IRLD - news) , Canada and Scandinavia. Chief Executive Stephen Hester, the former boss of British bank RBS (LSE: RBS.L - news) , has cut costs and sold assets since joining RSA in 2014 with a brief to turn it around following an accounting scandal at its Irish division.
No specific European Union rules are needed to regulate blockchain for the time being given the sector's still limited reach, the bloc's securities watchdog said on Tuesday. The conclusion from the European Securities and Markets Authority (ESMA) following a public consultation, is likely to be welcomed by the growing financial technology sector. Blockchain, which first emerged as the system underpinning the cryptocurrency bitcoin, provides a shared record of transactions that is maintained by a network of computers, rather than a centralized authority.
European shares rose on Friday, helped by well-received company updates and buoyant economic data, while mining stocks were hit by weaker metal prices. "I don't think the reflation trade could be long lasting," said Roberto Lottici, fund manager at Ifigest in Milan.
European earnings season got off to a rocky start on Tuesday with profit warnings from BT Group and Aryzta sending their shares sharply lower, with weakness offset by gains in Italian financials and mining ...
European shares fell on Monday, weighed down by banks, oil stocks and a fall in Fingerprint Cards after the firm's former CEO and a board member were arrested. The pan-European STOXX 600 .STOXX index fell ...
European shares steadied on Tuesday as trading in some markets resumed after the Christmas break, with Parmalat soaring after its French owner announced a buyout of the Italian dairy group. The pan-European ...
LONDON, Dec (Shanghai: 600875.SS - news) 16 (Reuters) - European shares marked a second week of gains on Friday with merger and acquisition speculation around drug maker Actelion and a rally among oil stocks helping the region's benchmark index stay near 11-month highs. Actelion soared 10.5 percent to hit fresh record highs, making it the biggest gainer on the STOXX. People close to the matter, cited by Bloomberg, said its French rival Sanofi was discussing a price of about $275 per share to take over the Swiss drugmaker in a deal that could come as soon as next week.
Europe's largest insurer Allianz (Hanover: ALVN.HA - news) signalled it might return cash to shareholders after reporting forecast-beating quarterly earnings on Friday and the first positive flows into U.S. bond fund manager Pimco in over three years. Pimco reported third-party net inflows of 4.7 billion euros ($5.1 billion) in the third quarter, advancing for the first time since the second quarter of 2013. "The most positive news...is that asset management and in particular Pimco has stopped net outflows," DZ Bank analyst Thorsten Wenzel said in a note, leaving his "Buy" recommendation unchanged.