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.
Kevin Strong named new N2G CEO
11th April 2023
N2G Worldwide Insurance Services, LLC has hired Kevin Strong, former Head of Multinational Business of The Hartford, as its new CEO, replacing retiring Bill Skapof, who led N2G since its foundation in 2020. Strong has over two decades of industry experience, having most recently served as Head of Multinational at The ... Read the full article
Generali UK choses Supercede for reinsurance data management
21st March 2023
Generali UK Branch has opted for Supercede to prepare and manage its reinsurance data, including data cleansing, preparation, and validation. According to the announcement, choosing to use the Supercede platform will significantly speed up Generali processes and reduce manual processing time. This decision follows a successful trial period in the UK, which ... Read the full article
Generali achieves record operating result, P&C growth
14th March 2023
Italy-headquartered insurer Generali has reported a record operating result of €6.5 billion for 2022, helped by a significant improvement in its Life segment results, as well as premium growth in Property and Casualty (P&C). The overall operating result was up 11.2% over the previous year, although the increase in the net ... Read the full article
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
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