Generali more concerned about low interest rates than BrexitPosted On: May. 13, 2016 12:00 AM CST
Italian insurer Assicurazioni Generali S.p.A. is more concerned about low interest rates than Britain's potential exit from the European Union, reported Reuters.
European insurers are finding it difficult to keep up earnings growth due to low interest rates and pressure on prices. Generali said it posted a 12% fall in operating profit in the first three months of 2016 as weak interest rates hit its performance.