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5 months ago
Generali not an interesting target for Zurich Insurance - Zurich spox
February 9, 2017 / 3:35 PM / 5 months ago

Generali not an interesting target for Zurich Insurance - Zurich spox

1 Min Read

MILAN (Reuters) - Zurich Insurance (ZURN.S) does not consider Italian insurer Assicurazioni Generali as an interesting target, a spokesperson for the Swiss group said on Thursday.

"Generali is not and has never been an interesting target for us," the spokesperson said, clarifying comments made by the group's CEO and former Generali chief Mario Greco.

Generali is seen as a takeover target with Germany's Allianz (ALVG.DE), France's Axa (AXAF.PA) and Zurich repeatedly cited as possible bidders for all or part of the company.

Reporting by Elisa Anzolin, writing by Silvia Aloisi

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