Generali board approves holocaust suit settlement

Article Abstract:

Assicurazioni Generali S.p.A.'s board gave its approval on the payment of $100 million to settle a lawsuit over holocaust victims' unpaid policies for life insurance. Generali's settlement agreement involves the immediate payment to survivors of the holocaust and their heirs of $10 million, with the balance to be settled by the Italian insurance company when a US federal judge endorses the settlement deal. Generali also gave its commitment to give contributions to a commission that will handle the claims of holocaust victims worldwide.

Comment:

Has its board approving the payment of $100 mil to settle a lawsuit over holocaust victims' unpaid policies for life insur

Legal issues & crime, Life Insurance, Direct Life Insurance Carriers, Assicurazioni Generali S.p.A.

---

Colaninno Group becomes top Olivetti shareholders

Article Abstract:

Olivetti SpA Chief Executive Roberto Colaninno becomes the largest shareholder of the Italian company after his group, Bell SA, purchased 8% of Olivetti through several holding concerns. Luxembourg-based Bell was created with the help of other investors that include Chase Manhattan Bank, Interbanca, Banca Antoniana Popolare Veneta and GPP International. Colaninno, who also owns a 16% stake in Fingruppo SpA, replaced Schroder PLC as well as a division of Deutsche Bank and Mannesmann as the largest shareholder in Olivetti.

Comment:

Chief Executive Roberto Colaninno becomes largest shareholder of company after his group, Bell SA, purchased 8% of co

Office & Computing Machines, Executive changes & profiles, Office equipment, Ing. C. Olivetti e Compagnia S.p.A.

---

Similar abstracts:

• Abstracts: Fiat chairman takes wheel maps out road. Fiat feels effects of Brazil's slowdown. Italy reaps a dividend of $1.54 billion from IRI
• Abstracts: Generali pact on holocaust thrown out. Commerzbank agrees to Generali stock swap. Allianz plans U.S. listing in two years
• Abstracts: Pearson to sell Tussauds Group to Charterhouse for $597 million. Hotelier Thistle talks to possible bidders
• Abstracts: Fortis implies it may meet ABN Amro's Generale bid. Court lifts injunction on KBC merger. AMMB to talk with Fortis on stake sale
• Abstracts: Agencies warned to adapt. P&G wants better net ads

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.