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Generali Providencia names new chief

Mihály Erdős has been named the new chairman-CEO of Generali Providencia, the insurer said on Tuesday.

Erdős will replace Mátyás Pálvölgyi, who steps down on June 30. Pálvölgyi will then take over as chairman of the supervisory board.

The appointments may require the approval of financial market watchdog PSZAF.