UniCredit CEO says talks with Generali are on commercial ties

Alpha Bank SA

09/02/2026 10:24

MILAN, Feb 9 (Reuters) - Any discussions with Generali GASI.MI are connected to the commercial partnerships tying Italy's biggest insurer to  UniCredit CRDI.MI, the bank's Chief Executive Andrea Orcel said on Monday.

Answering a question from analysts about Generali, following recent reports about a meeting between Orcel and Generali CEO Philippe Donnet, the UniCredit CEO said: "There is nothing else on that topic, not that I know of at this point."

"They are one of our industrial partners. People forget that they provide most of our bank insurance products in central and eastern Europe," he said.

"We distribute their asset management products within our network. So, of course, we talk to them. The rest is a little bit fantasies of people who need to create stories."

 (Reporting by Valentina Za, editing by Alvise Armellini)

 ((valentina.za@thomsonreuters.com; +39 02 6612 9526;))