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 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
Twelve Capital, Generali, Descartes partner on Parametric ILS Fund
3rd February 2025
Twelve Capital and Lumyna Investments, part of Generali Investments, have launched the Lumyna – Twelve Capital Parametric ILS Fund, designed to provide diversification, enhanced returns, and de-correlated performance by investing in innovative parametric insurance transactions. Backed by a prominent European institutional investor, the fund will partner with fintech leader Descartes Underwriting ... 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
Shib Shankar Saha to lead newly launched Generali GC&C India
27th January 2025
Italian insurance giant Generali has announced the establishment of Global Corporate & Commercial (GC&C) India within Future Generali India Insurance, on January 1st, 2025, which will be led by Shib Shankar Saha as Head of GC&C India. The move marks the insurer’s entry into the regional market and aims to strengthen ... Read the full article
Generali & MIT collaborate to research AI-based applications
24th January 2025
Italian insurer Generali has launched a research collaboration with the Massachusetts Institute of Technology (MIT) to explore practical applications of Artificial Intelligence (AI) and how it can provide competitive advantages to the insurance industry. From January 2025, Generali and its various business units will work with three MIT research teams to ... Read the full article
Generali and BPCE to establish €1.9trn asset management joint venture
21st January 2025
Generali and BPCE have signed a non-binding Memorandum of Understanding (MoU) to create a joint venture between their respective asset management operations. With over €1.9 trillion of assets under management (AUM), the combined business would reportedly create a global asset management platform with leading positions and critical scale in both Europe ... Read the full article
AM Best upgrades credit ratings of Generali and its subsidiaries
11th December 2024
Ratings agency AM Best has upgraded the Financial Strength Rating (FSR) of Assicurazioni Generali S.p.A. (Generali) (Italy) and its main rated subsidiaries to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “aa-” (Superior) from “a+” (Excellent). Concurrently, Generali's Long-Term Issue Credit Ratings (Long-Term IRs) of ... Read the full article
Generali agrees to sell Philippines business to Insular Life
4th December 2024
Italian insurer Generali has reached an agreement for the sale of its 100% stake in Generali Life Assurance Philippines, Inc. to The Insular Life Assurance Company, Ltd. According to Generali, the agreement is aligned with its strategic plan to drive sustainable growth, enhance its earnings profile, and optimise its geographical footprint. The ... Read the full article
Generali GC&C hires Chubb’s Nicholas Selff as Head of Underwriting, Asia
18th November 2024
Generali Global Corporate & Commercial (GC&C), a subsidiary of the Italian insurance giant, has appointed Nicholas Selff as Head of Underwriting for Asia, effective immediately. He joins the organisation from Chubb where he most recently served as the Head of Property and Casualty (P&C) in Malaysia, having previously held senior regional leadership ... Read the full article
Generali’s nat cat budget to rise for 2025 but major changes to reinsurance not expected: Marco Sesana
15th November 2024
Global insurer Generali's natural catastrophe losses came in roughly 100 basis points above budget for the first nine months of 2024, and as the firm's portfolio continues to expand a higher nat cat budget is expected for 2025, although major changes to its reinsurance structure aren't anticipated, according to Marco ... Read the full article
Generali posts strong GWP growth and 94% CoR for 9M’24 despite significant cat losses
15th November 2024
Italian insurer Generali has reported a 5% year-on-year increase in its net result to €3 billion for the first nine months of 2024, as gross written premiums (GWP) across the group rose 18% to €70.7 billion amid strong growth in both P&C and life. Group-wide, Generali's 9M 2024 consolidated operating result ... Read the full article
Fitch Ratings upgrades Generali’s outlook to positive
29th October 2024
Fitch Ratings has upgraded the Outlook for Assicurazioni Generali S.p.A. (Generali) and its core subsidiaries to Positive from Stable, while affirming the Insurer Financial Strength (IFS) Rating at ‘A+’. Fitch has also affirmed Generali’s Long-Term Issuer Default Rating (IDR) at ‘A’. The Positive Outlook follows Fitch’s recent upgrade of Italy’s sovereign Outlook ... Read the full article
Parametric insurance crucial for closing $1.8 trillion protection gap: Generali & UNDP
7th October 2024
Parametric insurance is key for closing the US$1.8trillion protection gap for communities and countries on the frontlines of interrelated crises, including climate change, according to Generali and the United Nations Development Programme (UNDP). Generali has produced a report with the UNDP, highlighting how parametric insurance can support governments, businesses and communities ... Read the full article
Generali GC&C appoints Winnie Chu & Joshua Lynch to leadership roles in Asia
27th September 2024
Generali Global Corporate & Commercial (GC&C), a subsidiary of the Italian insurance giant, has appointed Winnie Chu as Head of Financial Lines Underwriting, Asia, and Joshua Lynch as Head of Business Development, Asia, both effective September 30, 2024. Axel Roesner, Head of GC&C Asia, expressed enthusiasm for the new appointments, stating, ... Read the full article
Goldman Sachs analysts suggest Generali could make reinsurance recovery on Storm Boris impacts
20th September 2024
With Generali’s European flood per event reinsurance coverage kicking in after a €300 million attachment, the insurer could make a reinsurance recovery on Storm Boris as analysts at Goldman Sachs forecast losses for the firm to be between €300 and €425 million. Storm Boris impacted Central Eastern European (CEE) countries, as ... Read the full article
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