Generali CEO Says Insurer Has Financial Strength for M&A Deals

Italian insurance giant Assicurazioni Generali SpA has the financial means for acquisitions that fit its template for value creation, according to Chief Executive Officer Philippe Donnet.

“We are considering very strict discipline for M&A which allows value creation,” Donnet said in an interview with Bloomberg Television on Tuesday. The company will look at targets that have a strategic, financial and cultural fit, he said.

Donnet declined to comment on specific targets, following reporting by Bloomberg last week that the Trieste-based group was looking at potential acquisitions, with some valued at more than €10 billion ($10.9 billion).

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