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Generali chairman named interim CEO

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Assicurazioni Generali S.p.A. has named Gabriele Galateri di Genola interim CEO until a replacement for Mario Greco is found, the Trieste, Italy-based insurer announced Tuesday.

Mr. Galateri is chairman of Generali.

Mr. Greco last month resigned as CEO of Generali to join Zurich Insurance Group Ltd. as CEO.

Generali said Tuesday that its board and Mr. Greco had mutually agreed to the termination of all existing relations between Mr. Greco and the insurer with immediate effect.

“We thank Mario Greco for his efforts over the past four years in transforming the group,” Mr. Galateri said in a statement.

“Today Generali is a global leader focused on its core insurance business and on a solid financial and capital footing,” he added.