Finance
UniCredit CEO says talks with Generali are on commercial ties
Published by Global Banking & Finance Review®
Posted on February 9, 2026
1 min readLast updated: February 9, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on February 9, 2026
1 min readLast updated: February 9, 2026
UniCredit CEO Andrea Orcel confirms discussions with Generali are focused on commercial partnerships, emphasizing their role in bank insurance and asset management.
MILAN, Feb 9 (Reuters) - Any discussions with Generali are connected to the commercial partnerships tying Italy's biggest insurer to UniCredit, 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)
A commercial partnership is a business arrangement where two or more parties agree to work together to achieve common goals, sharing resources, risks, and profits.
Asset management refers to the systematic process of developing, operating, maintaining, and selling assets in a cost-effective manner, typically involving investment portfolios.
Bank insurance is a type of insurance that protects banks against various risks, including losses from defaults on loans and other financial products.
Financial services encompass a broad range of economic services provided by the finance industry, including banking, investment, insurance, and asset management.
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