Generali Eyes US Credit, Renewables Firms to Boost Asset Arm (1)

Assicurazioni Generali SpA’s asset management unit intends to buy investment firms specialized in US credit markets and renewable energy, as the Italian insurance giant seeks to win outside money beyond its traditional base.

“We are seeking to boost our investment capabilities through the acquisition of controlling stakes in small and medium-sized companies with expertize on these segments,” Carlo Trabattoni, chief executive of Generali’s asset and wealth management activities, said in an interview in Milan. “We are in talks with several investment firms” focused on those areas, he said.

Carlo Trabattoni

Source: Assicurazioni Generali SpA

While the asset-management arm Generali Investments generates less than ...