Reinsurance News


Generali GC&C names Christian Kanu as CEO

19th January 2023

Generali Global Corporate & Commercial (GC&C) has announced the appointment of Christian Kanu as Chief Executive Officer, set to take effect from January 30, 2023. In the new role, Kanu will manage the implementation of the Generali Global Corporate & Commercial business in all markets where GC&C is present, in line ... Read the full article

Once again, UnitedHealth is the world’s largest insurer ranked by NPW

11th January 2023

Over 12% growth in net premiums written (NPW) in 2021 ensured that UnitedHealth Group Incorporated remains the world's largest insurance company when ranked by NPW, while global insurer Allianz sits atop the table when ranked by non-banking assets. Our directory of the World’s Largest Insurance Companies, which is ... Read the full article

Generali says Cattolica integration proceeding swiftly

13th December 2022

Generali has put out an update for the financial community on the integration of cooperative insurance firm Cattolica and the implementation of new accounting standards. The financial giant said in its two-page update that an effective and accelerated integration process had caused synergies under Cattolica to rise from €80m by 2026 ... Read the full article

Cecilia Chang named CEO of Generali Hong Kong unit

25th November 2022

Generali Asia has announced the appointment of Cecilia Chang as the Chief Executive Officer of Generali Life (Hong Kong) Limited and General Manager of Assicurazioni Generali S.p.A. Hong Kong Branch. Chang joined the Generali Group in 2016 in Hong Kong as Head of Financial Lines and Underwriting, Asia for the Global ... Read the full article

Generali reports GWP increased to €59.8bn in Q3, driven by growth in P&C

10th November 2022

Italy-headquartered insurer Generali has reported Gross Written Premiums rose to €59.8bn in the third quarter of 2022, citing continued growth in the P&C segment. The net result for the quarter stood at €2,233 million, compared to €2,250 million in the same quarter last year. This was affected by the impacts of ... Read the full article

Generali reaches insurance distribution agreement with CTT Group in Portugal

7th November 2022

Generali’s Portuguese entity Tranquilidade has entered into a long-term agreement with CTT Group, the Portuguese postal services group, for the distribution of Life and P&C policies, with the partnership being reinforced by the acquisition of a stake in ... 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

Insurance an “essential stabilizing force” amid uncertainty, concludes UN

25th October 2022

A new report by the United Nations Development Programme (UNDP) has concluded that insurance provides an essential stabilising force in the face of ongoing economic uncertainty for communities around the world, particularly for those living in vulnerable circumstances. The UNDP's Human Development Report was authored in partnership with Assicurazioni Generali and ... Read the full article

UNDP says IRFF needs more financing to support growth

25th October 2022

The United Nations Development Programme (UNDP) has said that its Insurance & Risk Finance Facility (IRFF) needs more financing that will be used to support its growth. The remarks were made by Jan Kellett, team and corporate lead for insurance and risk planning, and Daniel Stander, special adviser on sustainable finance, ... Read the full article

Generali Spain & Santias announce strategic healthcare partnership

12th October 2022

Generali Spain and Sanitas have signed a strategic agreement to provide to the more than 150,000 customers insured under Generali Spain’s health policies, as well as new customers, access to an extended health insurance offer. The agreement will come into effect on January 1, 2023 and will last for ten years. Through ... Read the full article

Generali Romania partners with Intermap for flood risk assessment solution

5th September 2022

Intermap Technologies has announced Generali Romania is expanding its risk assessment capabilities by incorporating Intermap's Aquarius RMA (Aquarius) cloud-based flood risk solution into its core insurance processes. The Aquarius software solution is composed of multiple analytics and geocoding capabilities which will provide Generali Romania with a comprehensive picture of the possible ... Read the full article

Generali acquires AXA Malaysia joint ventures

2nd September 2022

Italy-headquartered insurer Generali has acquired Axa’s Malaysian operations, in line with Generali strategy to strengthen its leadership position in high potential markets. At the same time AXA also announced the completion of the sale to Generali. In the announcement, AXA revealed it sold 49.99% of its shareholding in AXA Affin General ... Read the full article

AM Best assigns positive credit ratings to Generali Hong Kong

24th August 2022

Ratings agency, AM Best has assigned Generali Hong Kong a Financial Strength Rating of “A” (Excellent) and a Long-Term Issuer Credit Rating of “a+” (Excellent). The outlook assigned to these ratings is stable. The ratings reflect Generali Hong Kong’s inclusion as a member of the lead rating unit of Assicurazioni Generali S.p.A. ... Read the full article

Moody’s assesses Italian insurers after downgrading government outlook

11th August 2022

Following Moody’s change in outlook on the government of Italy (Baa3) to negative from stable, the agency has taken a number of rating actions on three Italian insurers and related subsidiaries. Generali’s A3 insurance financial strength rating (IFSR) was affirmed with a stable outlook; and a similar action was taken on ... Read the full article

Generali result slips 9% on Russian investments

2nd August 2022

Italy-headquartered insurer Generali has posted a net result of €1,402 million during the second quarter of 2022, down 9.0% from the same period last year due to its Russian investments. The company reported that impairments on Russian investments totaled €138 million as the war in Ukraine continue to negatively affect financial ... Read the full article