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Mario Greco, former chief executive officer of Assicurazioni Generali SpA, speaks during a Bloomberg Television interview in London, U.K., on Wednesday, May 27, 2015. (Photographer: Simon Dawson/Bloomberg)

Editor’s note: Updated 4:00 p.m. ET

(Bloomberg) — Zurich Insurance Group AG hired Assicurazioni Generali SpA’s Mario Greco as chief executive officer, giving him the task of turning around the company after losses in its general insurance business forced it to abandon a high-profile takeover.

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