Generali investors better off with devil they know

A slate of directors backed by investor Francesco Gaetano Caltagirone on March 25 unveiled a business plan for Assicurazioni Generali to rival the blueprint for the Italian insurer presented by Chief Executive Philippe Donnet in December. Caltagirone hopes to install a new list of directors at a shareholder meeting on April 29.

Donnet’s plan targets compound annual growth of between 6% and 8% over the same period. The French executive has earmarked up to 3 billion euros for acquisitions, while the rival directors could spend up to 7 billion euros.

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