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Italy's Generali to strengthen its presence in France - CEO tells paper

Published 24/07/2017, 06:58
© Reuters. The Assicurazioni Generali logo is seen in downtown Milan
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MILAN (Reuters) - Assicurazioni Generali (MI:GASI) plans to boost its French business while it is weighing various options in Germany where it wants to manage more actively its life business, the CEO of Italy's biggest insurer told Corriere della Sera on Monday.

© Reuters. The Assicurazioni Generali logo is seen in downtown Milan

Philippe Donnet also said that the insurer was not asked to convert into equity some subordinated debt it owns in struggling lender Banca Carige (MI:CRGI).

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