Reinsurance News


Italy’s rising sovereign risks threaten major insurer ratings: Moody’s

6th June 2018

Moody’s Investors Service has placed Italian insurers Allianz S.p.A (Allianz Italy) and Unipol Gruppo S.p.A. (UG) on review for downgrade as the country faces a financial crisis following the election of a Eurosceptic coalition government. The announcement follows Moody's decision to place the Italian government's Baa2 debt rating under review for ... Read the full article

Generali announces distribution partnership with UniCredit

6th June 2018

A strategic bancassurance partnership has been announced by insurance group Generali and Italian banking giants UniCredit for the distribution of insurance products and solutions in Central and Eastern Europe (CEE). The agreement will come into effect in the second half of this year following regulatory approval. The deal will make Generali ... Read the full article

Generali establishes new Employee Benefits branch in Luxembourg

29th May 2018

Italian insurer Assicurazioni Generali S.p.A. has announced that it has established a new branch in Luxembourg, which will be dedicated to its business in the Employee Benefits (EB) sector. The new branch will allow Generali to better meet the needs of global companies and their employees by consolidating the Group’s position ... Read the full article

Athora to purchase Generali Belgium for €540mn

19th April 2018

Athora Holding Ltd. has announced an agreement with Italian insurer Assicurazioni Generali S.p.A. to acquire a complete stake in its Belgian subsidiary, Generali Belgium S.A., for a cash consideration of approximately €540 million (US $667mn). Primarily focused on the life segment, Generali Belgium is the 11th largest insurer in Belgium and ... Read the full article

Generali completes sale of Panama and Colombia operations

16th April 2018

Italian headquartered global insurer Assicurazioni Generali S.p.A. has announced the closing of the sale of both its Panama and Colombia operations, for a consideration of approximately €170 million (US $210mn). Both transactions were originally announced during the second-half of 2017, and are part of the company's strategy to "rationalize its international ... Read the full article

Generali to underwrite more sustainable business and commit to green investments

22nd February 2018

Assicurazioni Generali S.p.A. has announced an underwriting commitment to increase the percentage of their premium portfolio related to the renewable energy sector, as well as invest €3.5 billion in ‘green’ sectors by 2020 and gradually divest away from coal-related companies. Generali intends to underwrite more business it classifies as sustainable by expanding ... Read the full article

Assicurazioni Generali SpA completes sale of Dutch business to ASR Nederland

6th February 2018

Assicurazioni Generali SpA has completed the sale of its entire shareholding in its Dutch business, Generali Nederland N.V. (and its subsidiaries) to ASR Nederland N.V., one of the leading insurance groups operating in Holland. The Generali Group will remain active in the Netherlands through its Global Business Lines; Generali Employee Benefits, ... Read the full article

Life Company Consolidation Group to acquire Generali PanEurope

22nd December 2017

Generali has entered into a share purchase agreement to sell its entire shareholding in Generali PanEurope with Life Company Consolidation Group (LCCG) for an initial consideration of EUR 230 million. Frédéric de Courtois, Group Chief Executive Officer, (CEO) Global Business Lines & International, said; “this transaction underscores our ongoing efforts to rationalize ... Read the full article

Generali to sell €300 million UK & U.S. non-life run-off portfolio to Compre Group

19th December 2017

Generali has entered into an agreement to sell the non-life run-off portfolio of its UK and U.S. branches consisting of about €300 million of liabilities to discontinued business specialists Compre Group. The transaction is structured as an upfront reinsurance solution by way of a Loss Portfolio Transfer for both branches. Legal business ... Read the full article

German life portfolios in run-off to increase in next 5 years: Fitch

19th October 2017

Fitch said Generali's recently announced plans to put its largest German life entity, Generali Leben, into run-off in the first quarter of 2018, confirms its predictions for a significant increase in German life insurance portfolios in run-off over the next five years. Given the size of the Generali Leben portfolio, Fitch predicts the ... Read the full article

Generali to place German life operation into run-off as part of broader restructure

28th September 2017

Generali Deutschland, the German division of global insurer Generali, has announced a "One Company" approach, which includes placing its German life business, Generali Leben, into run-off, as it looks to improve efficiency and accelerate the implementation of its strategic plan. As part of its announced growth strategy, Generali is to place ... Read the full article

Generali to sell Dutch operations to ASR Nederland

13th September 2017

The Generali Group has announced an agreement to sell its entire 98.56% stake in Generali Nederland N.V.(Generali Nederland) and its subsidiaries, to insurance group ASR Nederland.  As part of ... Read the full article

Generali sells Colombian business to Talanx for €30 million

21st July 2017

International insurer, Generali Group, has announced the signing of an agreement to sell its Colombian business to the Talanx Group for roughly €30 million (roughly US$35mn), and the completed sale of its stake in Aseguradora General S.A. Talanx, a large German insurer and the parent of reinsurer Hannover Re, will acquire ... Read the full article

Reports claim Generali is looking to sell its $50bn German life insurance portfolio

13th July 2017

Reports from Reuters claim that Italian insurer Generali is looking to sell its €44 billion (US$50 billion) German life insurance portfolio, as low-interest rates and more rigorous capital rules across Europe hinder operations. According to Reuters' sources close to the matter, Morgan Stanley is looking at options, which includes the sale ... Read the full article

Generali Group appoints Bruno Scaroni to lead business transformation

22nd June 2017

Generali Group has appointed Bruno Scaroni to new group strategy and business accelerator director, with effect from July 1st 2017. Generali Group CEO Philippe Donnet, said; "I am very glad to welcome Bruno Scaroni. Thanks to his experience in different fields of the insurance sector, he will contribute to the acceleration ... Read the full article