Reinsurance News
Assicurazioni Generali
Generali sees record operating result in 2024 as GWP swell to €95.2bn
13th March 2025
Generali has revealed that its operating result grew to a record €7.295 billion in 2024, driven by a positive performance in all of its business segments, including a significant Asset & Wealth Management contribution. Breaking down this record 2024 figure, Generali's P&C operating result grew to €3.052 billion (+5.1%), with a ... Read the full article
Generali’s Board approves new three-year strategic plan
30th January 2025
Generali's Board of Directors has approved a new three-year strategic plan, Lifetime Partner 27: Driving Excellence, which aims to enhance excellence in the firm's customer relationships, operating model, and core capabilities. Philippe Donnet, Generali Group CEO, commented on the news, “Generali has successfully over-delivered against the ... Read the full article
Allianz to acquire Generali’s Tua Assicurazioni for €280m
13th October 2023
Global insurer Allianz is set to increase its property and casualty (P&C) market share in Italy with the acquisition of Tua Assicurazioni from Generali for a cash consideration of €280 million. Previously part of Cattolica Assicurazioni, TUA Assicurazioni is an insurance subsidiary of the Group focused on P&C business in the ... Read the full article
Fitch upgrades Generali’s ratings citing “resilient operating performance”
19th September 2023
Fitch Ratings has upgraded Generali’s Insurer Financial Strength (IFS) rating to “A+” from “A” with a stable outlook, and has also upped the firm's Long-Term Issuer Default Rating (IDR) to 'A' from 'A-'. Fitch suggested that the upgrades reflect Generali’s "very strong capitalisation and moderate financial leverage" and the "continuous improvement ... Read the full article
Dubai’s Sukoon completes buyout of Generali’s UAE life insurance portfolio
28th November 2022
Dubai-based Sukoon Insurance, formerly Oman Insurance, has acquired the life insurance portfolio held by Assicurazioni Generali in the UAE, following the original agreement to buy signed in February last year. The transfer, which covers unit-linked life insurance policies, has now been fully approved by regulators, including the Central Bank of UAE ... Read the full article
Generali and Crawford & Company announce cyber partnership
2nd November 2022
Global insurer Generali has partnered with Crawford & Company to provide specialist cyber incident response and loss adjusting services globally. Crawford & Company is described as the world’s largest publicly listed independent provider of claims management and outsourcing solutions to carriers, brokers and corporations. According to the announcement, thanks to this partnership ... 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
Generali makes structural and personnel changes
23rd June 2022
Assicurazioni Generali, one of the ten largest global insurance providers, has recently made several structural and personnel changes. The Board of Directors, at a meeting chaired by Andrea Sironi, has approved a new organisational structure, as proposed by the Group CEO, Philippe Donnet. The company says ... Read the full article
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