While the impact of COVID-19 on the accounts is not yet clear, Generali seems to be accelerating its strategic moves. The insurer is to leave some low-growth markets to reinvest in the US and Asian asset management industry. The debt structure is also being improved and the buy-back of three series of subordinated notes and the issue of a new green one will allow the company to reach its targets of gross interest expense reduction.
09 Jul 2020
Generali is preparing rapidly for the future
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Generali is preparing rapidly for the future
Assicurazioni Generali S.p.A. (AGEN:WBO) | 0 0 0.6% | Mkt Cap: 24,114m
- Published:
09 Jul 2020 -
Author:
Bassem Neifer -
Pages:
3
While the impact of COVID-19 on the accounts is not yet clear, Generali seems to be accelerating its strategic moves. The insurer is to leave some low-growth markets to reinvest in the US and Asian asset management industry. The debt structure is also being improved and the buy-back of three series of subordinated notes and the issue of a new green one will allow the company to reach its targets of gross interest expense reduction.