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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 in talks to acquire La Médicale from Crédit Agricole Assurances
25th November 2021
Italian insurer Generali has entered into exclusive negotiations to acquire La Médicale, the insurance subsidiary for healthcare professionals owned by Crédit Agricole Assurances. Under the terms of the arrangement, Generali France will also acquire Predica's death coverage portfolio, which is marketed and managed by La Médicale. Predica is a life insurance entity ... Read the full article
Generali appoints Wendy Law to lead casualty underwriting in Asia
17th November 2021
Generali Global Corporate & Commercial (GC&C) has announced the appointment of Wendy Law as Head of Casualty Underwriting Asia, a Hong Kong-based role that will see her lead the firm's casualty business in the region. Law joins from Starr Insurance Companies, where she served as the head of liability. During her time ... Read the full article
Generali on track to hit 2021 targets as results up 74%
11th November 2021
Italian insurer Generali has posted a net result of €2.25 billion for the first nine months of 2021, up 73.6% from the €1.30 billion that it reported for the same period last year. The result increased thanks to a corresponding improvement in the group’s operating result, which grew by 10% over ... Read the full article
Generali seals takeover of rival Italian broker Cattolica
4th November 2021
Italian broker Generali has completed its acquisition of rival firm Cattolica in a previously-announced deal that’s intended to enable an eventual merging of the two organisations. Generali, already a significant shareholder, required a controlling stake in the firm in order to lay the regulatory groundwork for its merger plans. The consideration ... Read the full article
Generali takeover offer for Cattolica gets regulatory approval
25th October 2021
Italian insurer Generali has received regulatory approval for the acquisition of a controlling interest in Società Cattolica di Assicurazione. The European Commission has given Generali the green light to make an offer to acquire all the ordinary shares of Cattolica. Further details of the offer have not yet been disclosed. Generali committed to ... Read the full article
Generali CEO commits to €3bn of sustainable investments by 2022
13th October 2021
Italian insurer Generali has committed to investing €3 billion in sustainable and green bonds by the end of 2022, as part of its sustainability objectives. The commitment forms part of a larger climate protection goal for Generali to make between €8.5 billion and €9.5 billion of new green and sustainable investments ... Read the full article
Generali promotes Pedro Ruano to lead global claims
7th September 2021
Generali has named former Head of GC&C Iberia & LatAm Pedro Ruano as Head of Claims, a role that sees him take over the direction of the firm’s claims processes at a global level. Ruano directly reports to Hayden Seach, within the newly created Insurance function, formerly Underwriting function. The new Insurance ... Read the full article
July floods trigger Generali’s reinsurance coverage
3rd August 2021
Italian insurer Generali has confirmed that its July flood losses in Germany have been capped at €100 million, after the disaster triggered the company’s per occurrence reinsurance coverage. Catastrophic flooding and storms across parts of Western and Central Europe last month are expected to drive overall economic losses of over ... Read the full article
European storms weigh on Generali’s H1 P&C results
3rd August 2021
Generali has recorded a 3.6% decrease in its property and casualty (P&C) operating result for the first half of 2021, after booking €218 million of natural catastrophe claims during the period. This compares with €118 million of claims for H1 2020, as losses this year were boosted by a storm in ... Read the full article
Generali sponsors first green catastrophe bond
28th June 2021
Generali has entered into a collateralised multi-year reinsurance agreement with Lion III Re DAC, an Irish designated activity company, that provides cover for losses from windstorms in Europe and earthquakes in Italy over a four year period. As a result, Lion III Re DAC has issued a single tranche of notes ... Read the full article
AXA reaches agreement with Generali over sale of Malaysian insurance operations
22nd June 2021
Global insurer AXA has reached an agreement with carrier Generali to sell its insurance operations in Malaysia, which includes its 49.99% holding in AXA Affin General Insurance (AAGI) and 49% holding in AXA Affin Life Insurance (AALI), for total cash proceeds of €140 million. Generali has agreed to purchase the majority ... Read the full article
Generali completes takeover of AXA’s Greek business
1st June 2021
Generali has completed its acquisition of AXA's Life & Savings and Property & Casualty businesses in Greece, for a total cash consideration of €167 million. Announced back in December 2020, the deal also sees Generali enter into a 20-year exclusive distribution agreement with Alpha Bank. The partnership with Alpha Bank, which ... Read the full article
Generali opens new representative office in Brussels
26th May 2021
Generali has opened a new representative office in Brussels to study the activities of European institutions and strengthen the EU public affairs activities whilst contributing to sustainable recovery and the European Green Deal. The Italian insurer launched a € 3.5 billion plan which will be delivered through a range of funds ... Read the full article
Generali’s Q1 2021 operating result improves to €1.6bn
18th May 2021
Generali has reported a year-on-year improvement in its operating result to €1.6 billion for the first quarter of 2021, driven by a strong performance in the Property and Casualty (P&C), Asset Management, and other business segments during the period. The global insurer's consolidated operating result increased by 11% from the prior ... Read the full article
Generali hires Wekkeli as Head of Property Underwriting, Germany
7th May 2021
Generali’s P&C unit Global Corporate & Commercial (GC&C) has appointed Marc Wekkeli as new Head of Property Underwriting in Germany to further enhance strategy execution. Wekkeli will be responsible for ensuring technical excellence and profitability of the German property portfolio. With over 25 years of international experience in the insurance industry, he ... Read the full article
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