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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

Author: Kline, Maureen
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
Legal issues & crime, Life Insurance, Direct Life Insurance Carriers, Assicurazioni Generali S.p.A.

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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

Author: Kline, Maureen
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
Office & Computing Machines, Executive changes & profiles, Office equipment, Ing. C. Olivetti e Compagnia S.p.A.

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Subjects list: Italy, Article
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