Generali is considering boosting its purchases of Italian government bonds, CEO Philippe Donnet revealed on Thursday, following the government’s ongoing review of a significant asset management deal that has raised concerns in Rome.
As of the end of 2024, Generali held €35.6 billion in Italian government bonds, a key component used to offset liabilities in its life insurance sector.
“Market conditions, alongside notable growth in our life insurance portfolio and positive net inflows, make it natural to contemplate increasing our purchases of BTP bonds,” Donnet stated during a press conference.
Donnet also addressed the government’s review of Generali’s plan to merge its asset management business with BPCE-owned Natixis Investment Managers, calling it an opportunity to resolve any potential concerns regarding the transaction.
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