Italy's Generali has no plans to grow in UK insurance sector

Italy's Generali has no plans to grow in UK insurance sector - source

-0.62%

-0.24%

+0.23%

Dow Jones Industrial Average

DJI

48114.26

-0.62%

S&P 500 index

SPX

6800.26

-0.24%

NASDAQ

IXIC

23111.46

+0.23%

MILAN, July 8 (Reuters) - Italy's Generali GASI.MI has no plans to grow in Britain's insurance sector, being interested only in European countries where it already operates and emerging markets, a source close to the situation said on Monday.

Insurance Insider reported on Monday that Japanese insurer Sompo 8630.T and Generali were circling British insurer Hiscox HSX.L, one of Lloyd's insurance syndicates, sending shares in the company up 11.5%.

(Reporting by Gianluca Semeraro; editing by Valentina Za)

((gianluca.semeraro@tr.com; +39 06 80 307 741;))

More This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.