Like many global players, the company has faced market challenges in recent times but I know that Zurich’s strong global franchise, the breadth of talent and the powerful brand provide all of the ingredients for our future success.”According to the Generali, Greco "this evening informed the chairman of the company, Gabriele Galateri di Genola, that he would be unwilling to serve another term as CEO of the company". His current term as chief exec expires when the upcoming annual general meeting is held on 28 April. Generali said in a statement: "Mr Greco has also expressed that he is ready to continue in his role as CEO in the best interests of Generali until the end of the current mandate. The chairman noted this news with regret and will soon call a board of directors meeting for information purposes."
Greco worked at Swiss group Zurich for five years, including two as chief executive of the general insurance business, before he joined Generali in 2012, and rumours of the move have been swirling in the market since December.