(Alliance News) - With the Mediobanca chapter closed, attention now shifts to "phase two": the future of Generali. Although the insurer's management remains autonomous, uncertainty regarding its shareholding structure—fueled by the divergent strategies of Delfin and Caltagirone—is creating scenarios of instability, as reported by Il Sole 24 Ore.

Market speculation points toward the intervention of a deep-pocketed "white knight" to safeguard the group's Italian identity. The primary candidates are UniCredit and Intesa Sanpaolo. For the latter, acquiring the 13% stake currently held by Mediobanca would serve as a catalyst for internationalization, aligning with ECB objectives on cross-border competitiveness, without facing significant antitrust hurdles.

"The stake in Generali is a 'nice to have'," reiterated Luigi Lovaglio, back at the helm of MPS, despite a cool relationship with CEO Philippe Donnet. It remains to be seen whether Piazzetta Cuccia will accelerate integration, turning market conjecture into a complex systemic operation to redraw the landscape of Italian finance.

By Michele Cirulli, Alliance News reporter

Comments and questions to redazione@alliancenews.com

Stocks mentioned in the article

Add to a list 0 selected To use this feature you must be a member Log in Sign up	Approximate price	Change	5d. change	Capi.
GENERALI	37.56EUR	-2.77%	-4.72%	67.16B
MEDIOBANCA S.P.A.	20.83EUR	+1.76%	+1.76%	19.19B
UNICREDIT S.P.A.	71.46EUR	+0.28%	+1.03%	124B
INTESA SANPAOLO S.P.A.	5.592EUR	-2.49%	-4.54%	116B
BANCA MONTE DEI PASCHI DI SIENA S.P.A.	8.632EUR	-7.89%	-7.48%	33.09B

Latest news about Generali

12:02am	Italy - Factors to watch on May 18	RE
May. 15	BlackRock holds 5.01% indirect stake in Generali, including 3.14% in voting rights, filing	RE
May. 15	Weekly Earnings Calendar: Focus on Nvidia and Walmart
May. 15	Morgan Stanley Downgrades Generali to Equalweight	MT
May. 15	European markets set to open lower as inflation fears mount	AN
May. 14	European markets rise following China-US summit; Stellantis gains	AN
May. 14	European markets climb following China-US summit; Stellantis gains	AN
May. 14	MPS should not sell Generali stake - Caltagirone tells Corriere	RE
May. 14	Italy's Monte dei Paschi should not sell its Generali stake, investor Caltagirone says	RE
May. 14	Italy's Monte dei Paschi should not to sell its Generali stake, investor Caltagirone says	RE
May. 14	Caltagirone: 'MPS must not sell Generali'	AN
May. 14	Italy - Factors to watch on May 14	RE
May. 13	MPS accelerates with Mediobanca and eyes Generali partnership	AN
May. 12	MPS CEO: Difficult to determine when selling Generali stake would make sense	RE
May. 12	MPS CEO says hard to say when it may make sense to sell the Generali stake	RE

Luigi Lovaglio

Currently, Luigi Lovaglio holds the position of Chief Executive Officer & General Manager of Credito Valtellinese SpA. In the past he occupied the position of President-Management Board & CEO at BANK POLSKA KASA OPIEKI SA and Executive Director & Deputy Chairman at UniCredit Bulbank AD. Luigi Lovaglio received an undergraduate degree from the University of Bologna.

View full profile

Chart Generali

Duration

Period

G: Dynamic Chart

Company Profile

Assicurazioni Generali S.p.A. is the largest Italian insurance group. Revenues break down by activity as follows: - life insurance (62.9%); - non-life insurance (37.1%): automobile insurance, commercial and industrial, personal, and accident-health. The group also develops asset management activities (EUR 899.9 billion of assets managed at the end of 2025), bank management (Banca Generali) and real estate management.

Employees

82,946

Sector

Life & Health Insurance

Calendar

12:00am - Ex-dividend date - 1.64 EUR

More about the company