Del Vecchio not steering for Generali, AXA merger - source

MILAN (Reuters) - Leonardo Del Vecchio's plans to boost the European presence of Italy's top insurer Generali do not include a cross-border merger with rivals AXA or Zurich , a source close to the billionaire said on Wednesday. Del Vecchio, the 85-year-old founder of Ray-Ban owner Luxottica, on Friday filed a request with the European Central Bank to increase his stake in Generali's biggest shareholder Mediobanca to as much as 20%, from just below 10% at present. He already owns 4.8% of..