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 position strengthened by recent acquisitions: CEO Donnet
30th January 2024
Generali Group CEO, Philippe Donnet, has suggested that the firm's recent acquisitions have further strengthened its position as a leading European insurer while also expanding its Asset Management business globally. According to Generali, the acquisition of Liberty Seguros, announced in June 2023, will enhance the firm's competitiveness and will contribute ... Read the full article
Generali places sixth and seventh green bonds
18th January 2024
Italian insurer Generali has successfully concluded the placement of its sixth and seventh green bonds, two new Euro denominated senior bonds due respectively in January 2029 and in January 2034. Following this transaction, the insurer has issued a total of eight bonds with environmental, social, and corporate governance (ESG) features, ... Read the full article
Generali strengthens presence in China with full acquisition of Generali China Insurance
10th January 2024
Generali has signed an agreement to acquire the remaining 51% stake in Generali China Insurance Company Limited (GCI), making it the sole owner of the property and casualty insurance business in China. The deal, valued at approximately €99 million, marks a significant step in Generali's strategic expansion in key Asian markets. The ... Read the full article
MSCI ESG recognises Generali as leader in sustainability
13th December 2023
MSCI, the index that measures companies' resilience to ESG risks, recognises Generali’s sustainability leadership as it confirms the Italian insurer’s "AAA" ESG rating. The MSCI analysis, involving more than 8,500 companies, has once again assigned Generali the highest possible score, which the Group also received in 2022. MSCI's assessment highlights the insurer’s ... Read the full article
Renewing aggregate reinsurance is likely to be challenging for Italian insurers: Berenberg
8th December 2023
Following a heavy year of losses, renewing aggregate reinsurance will likely be a challenge for Italian insurers, according to insights from investment bank Berenberg. Analysts believe the greatest challenge insurers in Italy will face in 2024 is pricing for non-motor insurance, following the exceptionally high €2.5bn hailstorm losses in the country ... Read the full article
Generali reports 4.7% increase in GWP to €60.5bn for 9M’23
17th November 2023
Italian insurer Generali has reported gross written premiums (GWP) of €60.5 billion for the first nine months of 2023, as its combined ratio strengthened by 3.1 percentage points to 94.3%. Generali attributes the growth in GWP to strong growth in its P&C business, which saw premiums expand 11.4% year-on-year to €23.4 ... Read the full article
Generali Ventures underway with dedicated commitment of €250m
31st October 2023
Generali has announced that Generali Ventures, the firm's strategic innovation initiative in venture capital fund, is underway, with a dedicated commitment of €250 million, as it plans to "identify the most promising investment opportunities, with a particular focus on the insurtech and fintech sectors." Launched in 2022, after an in-depth analysis ... Read the full article
Generali sees nine month catastrophe losses exceed annual budget: Reuters
19th October 2023
Italian insurer Generali is set to report catastrophe losses of around $888 million (EUR 840 million) for the first nine months of 2023, exceeding its budget for the full year, according to a Reuters report. Reuters reports that during an event held today in Munich, the global insurer's Group Chief Financial ... 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
Generali appoints Giulio Terzariol CEO Insurance
2nd October 2023
Generali has announced that Giulio Terzariol will join the firm as CEO Insurance, a newly created role with responsibility for all the insurance Business Units, with effect from January 2024. Generali explained that as CEO Insurance, Terzariol will be responsible for overseeing the activities of the CEOs of Generali’s Insurance Business ... Read the full article
Generali and UNDP partner to reduce the protection gap and support SMEs
25th September 2023
Global insurer Generali and the United Nations Development Programme (UNDP) launch the “Insurance Innovation Challenge Fund” aimed to facilitate and incentivise the development of innovative insurance solutions in Malaysia. At the same time, together with UNDP, Generali has also expanded its flagship SME EnterPRIZE project to Asia. The insurer’s partnership with UNDP ... 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
Generali closes fifth green bond
7th September 2023
Italian insurer Generali has placed a new Euro denominated Tier 2 bond maturing in September 2033, issued in green format in accordance with its Sustainability Bond Framework. According to the announcement, an amount corresponding to the net proceeds of the notes will be used to finance/refinance “Eligible Green Projects”. During the book ... Read the full article
Generali posts €42.2 billion GWP in H123, combined ratio hits 91.6%
9th August 2023
Italy-headquartered insurer Generali has reported that gross written premiums (GWP) increased to €42.2 billion (+3.6%), in the first half of 2023, with the insurer noting that this was driven by significant P&C growth (+10.6%). Generali's operating result grew by 28% to reach €3,721 million, which was heavily contributed by the diversification ... Read the full article
Generali announces acquisition of major asset manager Conning Holdings
6th July 2023
Generali has announced its acquisition of Conning Holdings Limited (CHL), a leading global asset manager for insurance and institutional clients, from Cathay Life, a subsidiary of Cathay Financial Holdings, one of the largest Asia-based financial institutions. As a result of the contribution of CHL into Generali Investments Holding S.p.A (GIH), Cathay ... Read the full article
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