Billionaires Join Forces to Push for Change at Generali
- Investors agree to cooperate on naming new board of directors
- Del Vecchio, Caltagirone control about 11% of the insurer
Assicurazioni Generali SpA's headquarters in Rome, Italy.
Photographer: Alessia Pierdomenico/BloombergThis article is for subscribers only.
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Two leading shareholders of Italy’s Assicurazioni Generali SpA escalated their fight with management, agreeing to cooperate in a bid to overhaul the insurer’s strategy that could include presenting their own candidates for the board of directors, people familiar with the matter said.