Generali: to create fund of up to E100m for COVID-19
(CercleFinance.com) - Generali's Board of Directors has approved the creation of an extraordinary international fund of up to 100 million euros dedicated to the fight against Covid-19, which has developed into an international emergency.
"The fund, which will primarily assist Italy but will also be available in other countries where Generali operates, will offer immediate assistance in this quickly evolving crisis and, in the medium term, aims to support economic recovery efforts in the countries affected," it said.
Assicurazioni Generali Chairman Gabriele Galateri di Genola and Generali Group CEO Philippe Donnet commented, "Generali wants to be a leader in the international community to face what is both a health crisis but also an economic crisis. We all have to work together to fight this battle. We are a part of both Italian and European history, and in line with our heritage, we have and we will do everything we can to benefit the well-being of all."
Copyright (c) 2020 CercleFinance.com. All rights reserved.
"The fund, which will primarily assist Italy but will also be available in other countries where Generali operates, will offer immediate assistance in this quickly evolving crisis and, in the medium term, aims to support economic recovery efforts in the countries affected," it said.
Assicurazioni Generali Chairman Gabriele Galateri di Genola and Generali Group CEO Philippe Donnet commented, "Generali wants to be a leader in the international community to face what is both a health crisis but also an economic crisis. We all have to work together to fight this battle. We are a part of both Italian and European history, and in line with our heritage, we have and we will do everything we can to benefit the well-being of all."
Copyright (c) 2020 CercleFinance.com. All rights reserved.