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Crédit Agricole’s Pacifica places first €160m cat bond

8th December 2023

Crédit Agricole Assurances' P&C insurance subsidiary Pacifica has made its debut venture into the insurance-linked securities (ILS) market with the sponsoring of a €160 million catastrophe bond issued by Taranis Re DAC, a special purpose vehicle incorporated in Ireland covering Metropolitan France, Monaco and Andorra. According to Pacifica, the cat bond ... Read the full article

Crédit Agricole signs non-life partnership with Banco BPM in Italy

29th December 2022

Crédit Agricole S.A. has announced that Banco BPM (BBPM) and Crédit Agricole Assurances (CAA), a subsidiary of Crédit Agricole S.A., have signed a binding Term Sheet for the establishment of a long-term bancassurance partnership in Italy to provide non-life insurance products and related services through BBPM distribution networks. Under the partnership, ... Read the full article

Generali completes acquisition of La Médicale from Crédit Agricole Assurances

5th July 2022

Italian insurer Generali has completed its acquisition of La Médicale, the insurance subsidiary for healthcare professionals Crédit Agricole Assurances. As well as this, Generali has also completed the purchase of Predica’s death coverage portfolio, which is marketed and managed by La Médicale. following all necessary approvals from the relevant regulatory and ... Read the full article

Generali in talks to acquire La Médicale from Crédit Agricole Assurances

25th November 2021

Italian insurer Generali has entered into exclusive negotiations to acquire La Médicale, the insurance subsidiary for healthcare professionals owned by Crédit Agricole Assurances. Under the terms of the arrangement, Generali France will also acquire Predica's death coverage portfolio, which is marketed and managed by La Médicale. Predica is a life insurance entity ... Read the full article

Crédit Agricole reports 24% revenue growth in 9M

11th November 2021

Crédit Agricole Assurances has announced a 24.6% growth of revenue across its priority lines of business during the first nine months of 2021. Priority lines of business include protection of assets and individuals and unit-linked products in savings and retirement. Meanwhile, the combined ratio stood at 96.9%. Property & Casualty revenue increased by ... Read the full article

Credit Agricole buys 5% of Creval, acquires Global Assicurazioni

26th July 2018

France-based insurer Credit Agricole Assurances (CAA) has bought a 5% stake in Italian banking firm Credito Valtellinese (Creval), as part of a long-term and exclusive partnership. As part of the deal, CAA will acquire the entire share capital of Creval's insurance subsidiary Global Assicurazioni (GA). Prior to the closing of the ... Read the full article

Generali closes fifth green bond

7th September 2023

Italian insurer Generali has placed a new Euro denominated Tier 2 bond maturing in September 2033, issued in green format in accordance with its Sustainability Bond Framework. According to the announcement, an amount corresponding to the net proceeds of the notes will be used to finance/refinance “Eligible Green Projects”. During the book ... Read the full article

Italy’s top insurers, Allianz and banks come to Eurovita’s rescue: reports

3rd July 2023

Italy's top four insurers and Germany's Allianz have agreed on a multi-billion euro rescue deal for Eurovita, industry supervisor IVASS said on Friday, as reported by Reuters. This comes after months of work to broker an accord which also involves 25 banks. Earlier this year, Eurovita became the first Italian insurance ... Read the full article

Allianz maintains position as largest European non-life insurer

14th December 2022

New data from AM Best shows that Germany’s Allianz continues to hold on to its position as the largest European non-life insurer, based on gross premiums written for 2021. Allianz topped the rating agency’s table of the 30 largest insurers, boasting GWP of €60,273 million, up 4.3% from €57,772 million in ... Read the full article

AXA tops list of largest EU insurers ranked by GPW

1st August 2022

When ranked by gross premiums written (GPW) in 2020, AXA tops the list of the largest European insurance companies with USD 115.3 billion. The insurer also recorded USD 80 billion of capital & surplus from 2020. Based on research data from ratings agency AM Best, our directory ... Read the full article

Generali appoints Stefano Marsaglia to its board

18th July 2022

Assicurazioni Generali has appointed Stefano Marsaglia as a member of its Board, following the resignation of non-independent director Francesco Gaetano Caltagirone for undisclosed reasons.  Stefano Marsaglia, who is 67 years old, has been appointed as an independent director. The Turin-born Italian citizen has a long experience in investment ... Read the full article

Arbol hires Kornberger as Chief Revenue Officer & Deputy CFO

3rd May 2022

Insurtech platform and FinTech company Arbol has announced the appointment of Charlie Kornberger, who joins the company as Chief Revenue Officer and Deputy Chief Financial Officer (CFO). Within these roles, Kornberger will oversee all revenue generating programs and operations for Arbol and its subsidiaries. Kornberger joins Arbol from Standard Chartered Bank, where ... Read the full article

Generali agrees to acquire La Medicale for €435mn

2nd February 2022

Generali has agreed to acquire La Médicale, an insurance company for healthcare professionals, for an expected €435 million as part of the company's strategic growth plan. The acquisition follows the exclusive negotiation with Crédit Agricole Assurances, which was announced last November, and the consultation of the dedicated workers’ councils. The transaction also ... Read the full article

SCOR concludes sustainability-linked LOC

28th January 2022

French reinsurer SCOR has concluded a five-year sustainability-linked standby letter of credit facility with Crédit Agricole CIB, which has been structured to incorporate an indexation to SCOR’s two key public ESG commitments. One of the commitments includes the Group Executive Committee to comprise at least 30% women by 2025, followed by ... Read the full article

Piiq’s IFLI division inks first insurance backed aviation finance transaction

13th April 2021

Global aerospace re/insurance broker Piiq Risk Partners has announced the first insurance-backed aviation finance transaction to be completed via its Integrated Finance Linked Insurance (IFLI) division. The transaction was completed alongside Credit Agricole CIB (CACIB) and closed on 30 March 2021. IFLI (Integrated Finance Linked Insurance) is designed to originate, structure and ... Read the full article