Generali has announced that Giulio Terzariol will join the firm as CEO Insurance, a newly created role with responsibility for all the insurance Business Units, with effect from January 2024.
Generali explained that as CEO Insurance, Terzariol will be responsible for overseeing the activities of the CEOs of Generali’s Insurance Business Units: Italy, DACH (Germany, Austria and Switzerland), France & Global Business Activities (which includes Europe Assistance and Global Business Lines) and International (which includes regions CEE, Mediterranean & Latin America, and Asia).
“The creation of the new Division further enhances coordination, effectiveness, and strategic alignment across geographies, streamlining and simplifying the Group organisational model, and contributing to the achievement of the objectives of the strategic plan ‘Lifetime Partner 24: Driving Growth’,” Generali said.
Terzariol joins the Generali leadership team from Allianz SE, where he served in management functions for more than two decades, most recently as a Member of the Board of Management and Group Chief Financial Officer.
He graduated from Bocconi University Milan with a master’s degree in business administration, starting his career in insurance at Generali Versicherung in Munich and Vienna before joining Allianz SE in 1998.
For the new role, Terzariol will report to Generali Group CEO, Philippe Donnet, and will also join the Group Management Committee of Assicurazioni Generali.
Donnet commented, “We are proud to welcome Giulio Terzariol as CEO Insurance at Generali. We will benefit from the wealth of experience that Giulio is bringing to the Group, leading teams in different countries across the world.
“It is an exciting time for Generali, as demonstrated by the success of our strategy, strong financial position and profitable growth.
“I am confident that with the addition of Giulio to our leadership team, recently recognized by the market as the best in Europe, we will continue to strengthen our position in the insurance sector.”
