Generali to expand in Asia and Latin America

The Italian insurance company Generali aims to expand in parts of Asia and Latin America, particularly Argentina and Brazil, Chief Executive Philippe Donnet said in an Italian newspaper on Monday.

The group intends to strengthen its position in countries where it already does business, but also wants to expand in parts of Asia and Latin America, Donnet said in an interview with La Repubblica’s Affari&Finanza weekly supplement.

He singled out Argentina, where it is market leader, and Brazil.

– Growth will be mainly organic but if there are acquisition opportunities that allow us to speed up growth then we will evaluate them – Donnet said.

Donnet also said that with regards to acquisitions the group had a “disciplined and opportunistic” approach.

Generali is due to present a new business plan at the end of November, Reuters reports.

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