UniCredit has increased its holding in Italian insurer Generali to 8.72%, Generali chairman Andrea Sironi told shareholders at the company’s annual general meeting, reported Reuters. The role and ownership of Generali has drawn renewed attention as consolidation continues across the country’s financial sector. Before last year’s Generali annual meeting, UniCredit had assembled a 6.7% position and backed a dissenting shareholder. At that stage, the bank described the holding as an investment. It later ...