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Italian insurance and asset management firm Assicurazioni Generali SpA said on Tuesday that it plans to buy back €500 million ($541 million) in shares in 2024. The group’s chief executive Philippe Donnet said: “As a result of our confidence in both completing our plan and in the group’s cash and capital position, we will propose a €500-million share buyback at the next AGM [annual general meeting] in April, confirming our focus on shareholders remuneration.” The company said that the acquisition of Liberty Seguros in 2023 will enhance the profitability and competitiveness. It is expected that …

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