Generali to announce ‘very ambitious’ new 3-year strategic plan

Written by Adam Cadle

20/10/2021

Generali is to announce a “very ambitious” new three-year strategic plan on 15 December, and continues to look at Europe and Asia for possible M&A opportunities, its CEO Philippe Donnet has said.

“Europe is our home,” Donnet stated, and growing in Europe “continues to be our strategy.”

“We also want to strengthen our presence in Asia,” he added. Addressing the three-year plan, Donnet said it “will be a plan to ramp up digital transformation and asset management”, emphasising that sustainability will be “an increasingly central theme of the strategy”.

In June, Generali agreed to buy Axa's insurance assets in Malaysia and take full ownership of a joint venture it runs in the country to strengthen its local presence.

After a number of acquisitions in Portugal and eastern Europe, Generali has also launched a bid for smaller Italian rival Cattolica to become the country's leading non-life operator.

Related Articles