<div>UPDATE 1-Generali pulls out of race for BBVA's bancassurance business BBVA - report</div> <!-- no image --> <div>Italy's top insurer, Generali , has pulled out of the race to invest in the bancassurance business of Spanish lender BBVA, daily Il Sole 24 Ore said on Tuesday.<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=z979UalRvUo:2hjyDTQEoNo:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?d=yIl2AUoC8zA" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=z979UalRvUo:2hjyDTQEoNo:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=z979UalRvUo:2hjyDTQEoNo:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=z979UalRvUo:2hjyDTQEoNo:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=z979UalRvUo:2hjyDTQEoNo:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/z979UalRvUo" height="1" width="1" alt=""></div> Posted by Reuters