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Assicurazioni Generali SpA Simplifies Geographical Structure Into Seven Markets Adding EMEA and LatAm-Reuters

Monday, 14 Oct 2013 08:00pm EDT 

Reuters reported that Assicurazioni Generali SpA has redefined its geographical structure through the creation of two new regions, EMEA and LatAm, based on seven markets. The reorganization is in line with the strategy to simplify the Group and its governance. The new setup aims to optimize the Group’s international operations and will enable greater coordination between local businesses and the Head Office. This new structure will be composed of the business units of the three core markets – Italy, France and Germany – and four regional units: CEE and Asia, and the newly formed EMEA and LatAm. Each of the seven markets will report directly to the Group CEO, Mario Greco. The new region to be called EMEA consists of 12 countries – Austria, Belgium, Dubai, Greece, Guernsey, Ireland, Netherlands, Portugal, Spain, Switzerland, Tunisia and Turkey – and will be headed by Giovanni Liverani from November 1. The LatAm market with its six countries – Argentina, Brazil, Colombia, Ecuador, Guatemala and Panama – will be headed by Jaime Anchustegui from January 2014. Along with the seven markets, an international business unit is operating to manage the Global business lines (Corporate&Commercial, Europ Assistance and GEB).