Insurer and bank combination makes sense: Intesa CEO

Intesa Sanpaolo CEO Carlo Messina said the integration of
insurers into a banking network is a possible avenue for growth, as
his company considers a takeover of Italian carrier Generali.
Speaking to journalists at an event in Turin, Messina said any
deal with the insurer was dependent on price, and that the bank
would take its time to assess its options, according to
Reuters.
The executive also denied Generali would be discussed at an
Intesa board meeting today.
He said:...