Generali reorganises business structure ahead of new strategic plan
MILAN, April 18 (Reuters) – Italy’s top insurer Generali (GASI.MI), opens new tab said on Thursday it was reorganising to focus on its two core businesses and streamline its geographical layout to be ready for the new strategic cycle.
The company, which is on track to meet all the key financial targets in its current three-year plan ending in 2024, is working on a new strategic plan to be unveiled in early 2025.
Under the new structure, effective from June 1, Generali will operate as a diversified financial group focused on Insurance and Asset Management divisions, it said in a statement.
The DACH (Germany, Austria and Switzerland) and International business units will be reorganised as part of the new Insurance division, led by Giulio Terzariol, which will drive the development of the insurance business in all regions.
Generali Investment Holding (GIH) will replace the current Asset and Wealth Management business unit and will oversee all the group’s global asset management activities with the exception of a few, namely those in China.
Source: REUTER
