Generali to invest up to €4bn in growth, says Donnet

November 23 2018 by InsuranceAsia News Staff

Generali group chief executive Philippe Donnet (pictured) is looking to grow Generali in Asia, Europe and Latin America, and is prepared to spend up to €4 billion (US$4.57 billion) on acquisitions and investments.

Speaking at a Generali investor day this week in Italy, Donnet said the insurer would like to deliver profitable growth in Asia and Latin America, and reduce overall debt by between €1.5 billion to €2 billion by 2021.

Donnet commented: “Our primary ambition is to become a life-time partner to our customers, offering innovative and personalised solutions thanks to an unmatched distribution network.”

He added: “This clear and distinctive strategic vision leverages on our strengths to consolidate leadership in Europe on retail and SME customers, expand operations in high-potential markets and develop a global asset management platform.”