Reinsurance News
Generali
Generali is one of the largest global insurance and asset management companies. Generali has a diversified business model, based on Life, P&C and Asset Management, offering integrated, customised Life and P&C insurance solutions targeted at both retail customers, small and medium enterprises (SMEs) and corporate customer.
Established in 1831, Generali is present in over 50 countries in the world, with a total premium income of € 95.2 billion and € 863 billion AUM in 2024.
Read our Generali insurance or reinsurance news and analysis below.
Generali’s new strategic plan is credit positive, says Moody’s
3rd December 2018
The new 3-year strategic plan from Italian insurance giant Generali is broadly credit positive, according to analysts at Moody’s Investors Service, as it targets debt reduction and greater earnings diversification. The insurer announced its ‘Generali 2021’ growth plan last week alongside claims that it was on track to hit all ... Read the full article
Generali reveals 3-year growth plan, hits 2018 targets
26th November 2018
Italian insurance giant Generali has unveiled its new 3-year strategic plan after posting strong results for 2017 and claiming that it was on track to hit its financial and industrial targets for 2018. The company achieved a property and casualty (P&C) combined ratio of 92.8% and a life new business margin ... Read the full article
Generali launches new pension risk transfer business unit
16th November 2018
Italian insurance giant Generali has launched a new business unit designed to offer pension risk transfer solutions to multi-national corporations, called Generali Global Pension (GGP). Generali said the unit will aim to accompany corporations in their de-risking journey and cross-border plans, providing a range of services for both plan sponsors and ... Read the full article
Generali to stop insuring new coal plants
12th November 2018
Italian insurance giant Generali has stepped up its pledge to underwrite more sustainable business and commit to 'green' investments by ceasing to offer coverage for new coal mines and plants. Generali had previously announced an underwriting commitment to increase the percentage of its premium portfolio related to the renewable energy sector, ... Read the full article
Generali opens representative office in Moscow
31st October 2018
Italian insurance giant Generali has announced the opening of its Representative Office in Moscow by Austria, Central & Eastern Europe, Russia Regional Officer and Chief Executive Officer of Generali CEE Holding, Luciano Cirinà, and the Chairman & CEO of Generali Russia & Commonwealth of Independent States, Giorgio Callegari. “As we inaugurate ... Read the full article
Generali acquires Polish asset management firm Union Investment
24th October 2018
Italian insurance giant Generali has acquired a 100% stake in Polish asset management company Union Investment TFI as it looks to to strengthen its presence in central and eastern Europe. With €3.3 billion of assets under management, Union Investment is the country’s sixth largest asset management company. It has approximately 135,000 ... Read the full article
Generali launches tech startup, introduces cyber platform
10th October 2018
Italian insurance giant Generali has announced the launch of CyberSecurTech, its own technology startup aimed at the provision of innovative cyber risk assessments for its customers. Furthermore, the wholly owned ‘startup’ will support Generali’s newly-launched technology platform Majorana, designed and developed entirely by the group’s team of IT security experts. The introduction ... Read the full article
Generali launches disruptive asset manager, led by Peter Kraus
21st September 2018
Generali has announced the launch of Aperture Investors, a new asset management company that relies on a disruptive revenue model, to be led by Peter Kraus, former Chairman and Chief Executive Officer (CEO) of AllianceBernstein and Global Co-Head of Goldman Sachs’ Investment Management Division. The Italian insurance giant will contribute up ... Read the full article
Generali reveals new Group structure, appoints General Manager
1st August 2018
The Board of Directors of Italian insurer Assicurazioni Generali, has approved a proposal from the Group's Chief Executive Officer (CEO), Philippe Donnet, for the new Group organisational structure, which includes the creation of a new General Manager position. The organisational ... Read the full article
LCCG to acquire Generali Worldwide & Generali Link
19th July 2018
Italian insurance giant Generali has entered into an agreement to sell its entire shareholding in Generali Worldwide Insurance Company Limited and Generali Link, to Life Company Consolidation Group (LCCG). The transactions are part of Generali Group's strategy to improve its operational efficiency, alongside improved capital allocation and to optimise its geographical ... Read the full article
Generali increases stake in Indian insurance joint ventures to 49%
26th June 2018
Italian insurer Generali Group has announced an agreement with Indian conglomerate Future Group to further invest in the region’s insurance market, increasing its stake in insurance joint ventures Future Generali India Life Insurance Company and Future Generali India Insurance Company to 49%, from 25% at present. Commenting on the deal, which is expected ... Read the full article
Generali finalises sale of PanEurope unit to LCCG
20th June 2018
Assicurazioni Generali SpA has completed the sale of its entire shareholding in its Ireland-based subsidiary, Generali PanEurope, to Life Company Consolidation Group (LCCG). Generali says the terms of the sale are in line with the transaction’s original announcement in December 2017, when it was revealed that Generali had agreed to ... Read the full article
Italy’s rising sovereign risks threaten major insurer ratings: Moody’s
6th June 2018
Moody’s Investors Service has placed Italian insurers Allianz S.p.A (Allianz Italy) and Unipol Gruppo S.p.A. (UG) on review for downgrade as the country faces a financial crisis following the election of a Eurosceptic coalition government. The announcement follows Moody's decision to place the Italian government's Baa2 debt rating under review for ... Read the full article
Generali announces distribution partnership with UniCredit
6th June 2018
A strategic bancassurance partnership has been announced by insurance group Generali and Italian banking giants UniCredit for the distribution of insurance products and solutions in Central and Eastern Europe (CEE). The agreement will come into effect in the second half of this year following regulatory approval. The deal will make Generali ... Read the full article
Generali establishes new Employee Benefits branch in Luxembourg
29th May 2018
Italian insurer Assicurazioni Generali S.p.A. has announced that it has established a new branch in Luxembourg, which will be dedicated to its business in the Employee Benefits (EB) sector. The new branch will allow Generali to better meet the needs of global companies and their employees by consolidating the Group’s position ... Read the full article
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