MILAN, June 1 (Reuters) – Investor Mediobanca’s
assault on Generali chief executive Giovanni Perissinotto and
the likely arrival of a more market-friendly top executive is
seen reviving the appeal of Italy’s top insurer after months of
Perissinotto struck back against a bid by Generali’s biggest
shareholder to oust him at a board meeting on Saturday by saying
that the move would destabilise Italy’s biggest financial group
at a time of great market volatility.
MILAN (Reuters) – An earthquake struck northern Italy on Tuesday, killing at least 10 people, damaging buildings and spreading panic among thousands of residents still living in tents after a tremor shook the region just over a week ago, destroying their homes.
Officials and a source from the Italian Red Cross said several people were trapped under the rubble of houses and warehouses in the Emilia-Romagna region. Police said 10 people were confirmed dead but the toll was likely to rise.