Word: assicurazioni
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...IKEA on the moon. THE BOURSE Bear market bargain Hamleys, the British toy-retailing institution, used the economic downturn to go bargain shopping, buying defunct English Teddy Bear Co. for $1.1 million. Disastrous Insurance Europe's ailing insurance industry claimed a few more casualties. Top executives at Italy's Assicurazioni Generali and Britain's Royal & Sun Alliance stepped down, and Sweden's Skandia put its once-lucrative U.S. arm up for sale. The Engine That Could China restored its 30 million Internet users' access to the Google search engine. Alta Vista remained blocked. British Energy's meltdown Britain's government...
...steadily built relation- ships and acquired shares, winning seats in the county's top boardrooms. By the 1980s, it was said that practically any deal in Italy needed the blessing of the bank's politically savvy chairman, Enrico Cuccia. A so-called Northern Galaxy - including Trieste-based insurance giant Assicurazioni Generali, BCI, and Florentine insurer La Fondiaria - revolved around Cuccia's office behind La Scala opera house. Fiat was long regarded as an ally. That extraordinary power has been chipped away over the past 10 years. After European monetary union and a round of bank consolidations, Italian finance...
...private sector, a group of businessmen led by Cesare Merzagora, former president of the Italian Senate and now head of Assicurazioni Generali, the country's largest insurance firm, challenged Bastogi, a big holding company in which Assicurazioni owns a major interest. Decrying Italian financial companies as "a group of hens nesting on rocks," Merzagora's group demanded that Bastogi try to stimulate private investment rather than keep its capital in the serenity of real estate holdings. Another group, headed by Insurance Executive Ettore Lolli, joined with Tiremaker Leopoldo Pirelli to oust the conservative management of La Centrale...
...Trieste last week, Jewish President Arnaldo Frigessi Di Ratalma "voluntarily resigned" as head of this great port's biggest insurance firm Riunione Adriatica, which elected as his successor non-Jewish Fulvio Suvich, Italian Ambassador to the U. S. who is now in Italy. Jewish President Edgardo Morpurgo of Assicurazioni Generali, the great Venetian insurance firm, likewise resigned last week and was replaced by famed Count Volpi, who in 1925 as Finance Minister negotiated the Italo-U. S. debt accord. Swank Countess Volpi is a Jewess and so is the old mother of Fascist Minister of Education Giuseppe Bottai. Indeed...
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