Generali

The board of directors of Mps considers Intesa Sanpaolo’s takeover bid insufficient and counters with the Banco Bpm alternative. In the background, the moves of Crédit Agricole, Delfin, and other key players in the banking takeover game intertwine.

Corriere della Sera identifies the bank led by Alessandro Foti as the most credible option for a future move by Unicredit in Italy. In the background remain Commerzbank, the downsizing of Amundi, and the lawsuit against the German group Linde.

The European Parliament calls on the Commission to overcome the current disparity in treatment between banks and insurance companies in cross-shareholdings. A change that could have effects on the Mps-Generali, Unipol-Bper, and Banco Bpm files.

What Messina of Intesa Sanpaolo said and implied about Mps, Generali, and more

From the refusal of the letter of patronage to the discussion on the future of holdings in Mps, Generali, and Unicredit: why the split within the board (including between chairman Milleri and CEO Bardin) makes the restructuring of the Del Vecchio heirs’ treasury even more complicated.

Banca Generali and Intermonte launch the index dedicated to listed SMEs with a capitalization of up to 1 billion euros and, together with Investlinx, launch the first PIR-compliant active ETF with the goal of raising 500 million.

The reduction of the partnership with the French manager is part of the strategy through which Unicredit aims to strengthen asset management and gain autonomy. Meanwhile, the German front remains open, and the Italian risk game is also unfolding in the background.

Mps continues to evaluate the Opas from Intesa-Unipol and the proposal from Banco Bpm, but the board confirms steps towards integration with Piazzetta Cuccia. In the background are Generali, UniCredit’s ambitions, and the future of the CEO.

The €10 billion closing risks missing the symbolic June 27 deadline. On the table are guarantees, dividends, quorum, buyback, and even the possibility of liquidating the holding company that holds shares in EssilorLuxottica, Generali, and Mps.

The offer to Delfin, anticipated by Il Sole 24 Ore, brings Assicurazioni Generali back to the center of the dispute among major banks, insurance companies, and shareholders. In the background are the Intesa-Unipol takeover bid on Mps, the Ivass issue, and the battle for control over Italian savings.

The directors representing the French bank voted in favor of the Piazza Meda offer for Siena. Meanwhile, the group can increase its stake up to 29.9% of Bpm and, in the event of a merger, would become the largest shareholder of the new entity. In the background are Generali, Mediobanca, Delfin, and Unicredit.

Unipol’s president, Carlo Cimbri, defends the project built with Intesa and Bper, speaks of protecting the savings of Italians, and expresses confidence that the operation will be viewed favorably by the authorities. And regarding Generali, he is blunt: “We don’t like messy gatherings.”

What is happening and what could happen to Assicurazioni Generali. Facts, rumors, and scenarios

I’ll explain how Anthropic is winning. Analysis by Alessandro Aresu

Generali closes the first quarter with premiums up 6.8% to 28.2 billion and an operating result rising 8.1% to 2.235 billion. Natural disasters cost 426 million and there was an extraordinary tax on profits in France. In the background remains the Unicredit dossier. Facts, figures, and insights.

The Chinese economy showed resilience in the first quarter, with a recovery in investments, but significant imbalances between supply and demand persist. Commentary by Guillaume Tresca, Senior Emerging Market Strategist at Generali Investments.

From the “Padania” risk to the defense of Generali, and then the attack against Banco Bpm: in the interview with Corriere della Sera, Caltagirone shares his vision on the future of Mps and Mediobanca, mixing hopes, barbs, and a bit of pomposity.

Mps: quarterly profits exceed expectations at 521 million, guidance and synergy plan of 700 million confirmed. The CEO holds back on new operations: priority given to integration with Mediobanca and the Generali dossier.

Rocco Basilico challenges Delfin’s green light for the operation that will bring Leonardo Maria Del Vecchio to 37.5% of the family holding. In the background are the control of EssilorLuxottica, Generali, Mps, and Mediobanca, and the 10 billion lent by banks for Leonardino’s takeover bid. Facts, figures, and insights.

BTP, Italy more exposed to energy shocks but no risk of a sharp rise in spreads. Commentary by Filippo Casagrande, Chief of Investments at Generali Investments.

Mps, with Palermo’s departure – who remains at Generali and foresees reappointment at Acea – the door opens for Alessandro Caltagirone to join the board of directors of the Sienese bank.

10 billion agreement with the brothers, 37.5% stake and unchanged governance. Debt drives dividends and strengthens the role of Unicredit, BNP Paribas, and Crédit Agricole, while the holding company remains at the center of the banking reshuffle between MPS, Generali, and Piazza Gae Aulenti.

Delfin’s CEO, Milleri, supports Leonardo Maria Del Vecchio’s rise to 37.5% and defends the decisions regarding MPS. The holdings remain a lever, while EssilorLuxottica remains the untouchable asset.

Delfin and beyond: Leonardo Maria Del Vecchio’s latest moves

Orcel strengthens his grip on Generali while Delfin reorganizes and Mps controls 13% via Mediobanca. In the background, the reshuffle: possible sale of the stake for the alliance with Banco Bpm (denied by Siena) and the return of the Intesa option.

Board divided but secured by the Plt list: Lovaglio as CEO and Managing Director, Bisoni as Chairman, Mazzarella and Corradini as deputies. Facts, names, and scenarios after the Mps board meeting.

Behind Delfin of Del Vecchio’s vote that overturns Siena is the strategy on Mediobanca and Generali. With Banco Bpm being decisive and the government caught between adaptation and new cracks. Comments and interpretations on the positions of Delfin, Banco Bpm, and the government.

What happened at the Mps shareholders’ meeting and what are the current scenarios for Mediobanca and Generali following Lovaglio’s reconfirmation in Siena and the defeat of Caltagirone’s slate. Facts, names, and insights.

To fire Lovaglio from Mps, a legal opinion from jurist Irrera also emerges. Who, let’s say, has some ties with Caltagirone. The letter from Gianluca Zappa.

Cyberattacks increase by 42% and one in four SMEs has been hit in the last four years. But only 13% truly perceive the risk. All the figures from the Cyber Index SME Report 2025.