A group of Italian investors led by the Benetton family are behind an effort to keep insurer Generali in Italian hands.
Generali, Europe’s third-largest insurer, is rumoured to be a possible target for larger rivals – including French insurer AXA and Swiss giant Zurich Insurance. However, the Benetton family are determined to preserve Generali as an Italian company. Reuters reported that Edizione, the Benetton family holding company, recently increased its stake in the insurer, with additional investments coming from Italian entrepreneurs Francesco Gaetano Caltagirone and Leonardo Del Vecchio.
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