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 offloads Turkish operation
17th September 2024
Large Italian insurer Generali has agreed to sell its Turkish operation as part of its “Lifetime Partner 24: Driving Growth” strategic plan, with Kiler Holding A.Ş. and Arex Yatırım Holding A.Ş. taking a 42% and 48% stake of the business, respectively. The sale of Generali's 99.99% stake in Generali Sigorta A.Ş. ... Read the full article
Life and P&C growth drives Generali GWP increase in H1 2024
9th August 2024
Generali has reported its financial results for the first half of 2024, revealing a significant increase in gross written premiums (GWP), to €50.1 billion from the €42.2 billion seen in H1 2023, driven by substantial growth in both the Life and P&C segments. GWP in the Life segment in H1 2024 ... Read the full article
ART specialist SRS Altitude announces partnership with Generali Global Corporate & Commercial
30th July 2024
European Managing General Underwriter (MGU) SRS Altitude, a specialist in Alternative Risk Transfer (ART), has partnered with Generali Global Corporate & Commercial for ART underwriting solutions. Through this partnership SRS aims to leverage Generali’s dedicated re/insurance capacity, global reach and technical excellence to originate, tailor, and provide a diverse range of ... Read the full article
AXA tops list of largest European insurers ranked by GPW
9th July 2024
When ranked by gross premiums written (GPW) in 2022, global insurer AXA tops the list of the largest European insurance companies with US$106.1 billion. AXA also recorded $42.3 billion in capital & surplus from the same year. Based on data from ratings agency AM Best, our directory of ... Read the full article
AXA & Generali join IDF’s Infrastructure Resilience Development Blueprint
5th July 2024
Global insurers AXA and Generali have announced their support for the Insurance Development Forum (IDF)’s Infrastructure Resilience Development Blueprint, an initiative aimed at mobilising and facilitating insurance sector investments in infrastructure that will enhance the resilience of vulnerable communities to risks from climate change and other natural disasters. The IDF is ... Read the full article
Cécile Paillard named Generali Group Chief Transformation Officer
17th June 2024
Italy-headquartered insurer Generali has announced the appointment of Cécile Paillard as Group Chief Transformation Officer, effective as of September 2, 2024. Also joining the Group Management Committee (GMC), Paillard will be directly reporting to the General Manager, Marco Sesana. As Group Chief Transformation Officer, Paillard will be responsible for accelerating the company’s ... Read the full article
Mel Carvill appointed Chairman of Polo Insurance Managers
6th June 2024
PoloWorks, a collective of Lloyd’s and London Market insurance services businesses, has announced the appointment of Mel Carvill as Chairman of Polo Insurance Managers. Mark Elliott, CEO of Polo Insurance Managers, commented: “We are delighted that Mel has joined PIM as Chairman. He brings a level of seniority and experience which ... Read the full article
Generali sees Q1 GWP grow to €26.4bn as operating result improves
21st May 2024
Generali has revealed that in Q1 of 2024, its gross written premiums (GWP) increased 21.4% from the previous year to €26.4 billion, driven by strong performances in both the Life and P&C segments. Broken down, GWP in the Life segment in Q1 of 2024 were €16.9 billion, up 28.4% from the ... Read the full article
Generali reveals new organizational structure
18th April 2024
The Board of Directors of Generali, chaired by Andrea Sironi, has approved a new organizational structure to reflect its main activities proposed by Philippe Donnet, Group Chief Executive Officer. Effective June 1st 2024, the Generali Group will operate as a diversified financial group focused on two main businesses, namely Insurance and ... Read the full article
Generali completes acquisition of Conning Holdings
3rd April 2024
Generali has completed the acquisition of Conning Holdings Limited (CHL) and its affiliates from Cathay Life, a subsidiary of Cathay Financial Holdings, one of the largest Asia-based financial institutions. The acquisition includes Conning, focused on insurance and institutional fixed income, and its affiliates Octagon Credit Investors (bank loans, CLOs and specialty ... Read the full article
Generali reports record operating result of €6.9bn as P&C combined ratio strengthens
12th March 2024
Italian insurer Generali generated a record operating performance of €6.9 billion in its full year 2023 results, an increase of 7.9% as a result of a positive contribution from all segments, led by Property & Casualty (P&C). Group-wide, the insurer has reported an "excellent" new business margin of 5.78%, and a ... Read the full article
Generali and UNDP launch various initiatives to boost resilience in Asia
8th March 2024
In efforts to help boost small and medium-sized enterprises (SMEs) resilience against climate change and other risks in Asia, Generali and United Nations Development Programme (UNDP) have launched a joint report detailing key risks and alternative approaches to insurance. The report titled “Building MSME Resilience in Southeast Asia” found that SME ... Read the full article
Allianz completes acquisition of Tua Assicurazioni from Generali
5th March 2024
Allianz, a leading insurer and asset manager, has completed the acquisition of Tua Assicurazioni S.p.A. from Assicurazioni Generali S.p.A., an Italian global insurance and asset management provider. The acquisition was announced in October 2023, and the transaction was completed at a consideration of €280 million. The transaction is in alignement with ... Read the full article
Veteran Carlos Gomez named GC&C Head of Insurance
8th February 2024
Generali Global Corporate & Commercial (GC&C), subsidiary of the Italian insurance giant, has announced the appointment of Carlos Gomez as the new Head of Insurance, effective January 30, 2024. In his new role, Gomez will lead and oversee GC&C activities related to the entire insurance process. He will foster corporate portfolio management, ... Read the full article
Generali completes acquisition of Liberty Seguros
2nd February 2024
Italy-headquartered insurer Generali has completed the acquisition of Liberty Seguros, Compañia de Seguros y Reaseguros, S.A., from Liberty Mutual Insurance The transaction was originally announced on June 15, 2023, and it represents Generali's largest transaction in ten years. It was reported that Liberty Mutual would sell its personal lines and small ... Read the full article
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