Generali
Generali could be downgraded if Italy's IDR falls any lower
A further sovereign downgrade for Italy is likely to result in a downgrade for Italian insurer Assicurazioni Generali, ratings agency Fitch has said.
Weakened capital adequacy behind Generali downgrade
Standard & Poor's has lowered its long-term counterparty credit and insurer financial strength ratings on Italy-based Assicurazioni Generali SpA and its related core entities to 'A' from 'A+'.
S&P warns about Aviva, Allianz and Axa
Standard & Poor’s has issued a series of warnings about major insurers’ exposure to the euro debt crisis.
Q&A Asia: Generali
As part of Insurance Insights new remit to cover Asia, Assicurazioni Generali’s deputy general manager Valter Trevisani (pictured) spoke to Francesca Nyman to discussed the insurer’s plans there.
Marine hull insurers await rating impact in wake of cruise ship sinking
The Costa Concordia cruise ship disaster has been called the largest insurance loss in maritime history with some suggesting it could be “bigger than the Titanic”.
Axa SA and Ace believed to be vying for HSBC
Axa SA and Ace are believed to be in the final running for HSBC Holdings’s non-life insurance operations.
Mapfre, Generali and CCR downgraded following sovereigns
A raft of European insurers including Italy-based Generali and Spanish insurer Mapfre were downgraded by Standard and Poor’s yesterday.
Insurance fraud increases seven-fold in the Czech Republic
Insurance fraud is seven times higher in the Czech Republic than before the economic crisis according to internal figures from Generali.
Generali, RSA and XL Group believed to insure stricken cruise ship
The Costa Concordia, which ran aground on Friday, is believed to have been insured by companies including RSA Insurance Group, Assicurazioni Generali SpA, and XL Group.
Oman Insurance Company appoints new senior management team
Oman Insurance Company has appointed a new senior management team.
Chartis and Generali back launch of Chinese aggregator site
CNinsure, an independent insurance intermediary company operating in China, has launched a comparison website under the name of Baowang (www.baoxian.com).
Axa and Japan Post ranked world's largest insurers
French insurer Axa once again came top of AM Best’s ranking of the world’s 25 largest insurance companies as measured by net premiums written, while Japan Post Insurance Company led the ranking measured by nonbanking assets.
Generali's German subsidiaries downgraded
Generali Group's three German non-core subsidiaries have been downgraded by Fitch, following the downgrade of their parent company.
AM Best downgrades Generali ratings
AM Best is taking rating actions on a number of European reinsurers following the continued negative developments regarding the eurozone sovereign debt crisis.
Generali enters the STOXX Europe Sustainability Index
Assicurazioni Generali has entered the STOXX Europe Sustainability Index and been reconfirmed in the FTSE4Good Index.
Generali and its main subsidiaries placed on negative watch
Ratings service AM Best has placed the financial strength rating of “A+” (Superior) and issuer credit rating of “AA” of Assicurazioni Generali SpA and its main subsidiaries under review with negative implications.
Generali in profit despite €329m Greek bond losses
Assicurazioni Generali reported net impairment losses of €824m in the first nine months of 2011, €329m of which was related to Greek bonds.
PI to be compulsory for professional body members in Italy
Professional indemnity insurance is to be made compulsory for all members of recognised professional bodies in Italy following new legislation.
Fitch affirms ratings of Generali's German subsidiaries
Fitch Ratings has affirmed the ratings of Generali Deutschland Group's German non-core subsidiaries Envivas Krankenversicherung AG and Advocard Rechtsschutzversicherung AG.
European insurers vie for KBC's Polish Warta
Several European insurers are believed to be in the running to acquire Polish insurance company Warta from Belgium's KBC, according to reports from Polish financial daily, Parkiet.
Generali’s ‘AA’ rating affirmed despite Italian sovereign downgrade
Italian insurer Assicurazioni Generali SpA's credit rating of ‘AA’ has been affirmed by Standard and Poor’s, , despite the recent downgrade of the Republic of Italy’s sovereign credit rating.
European Commission to propose additional contract law in October
European Justice Commissioner Viviane Reding is today meeting with leaders of European insurance companies to discuss European contract law in the insurance sector.
European Commission to propose additional contract law in October
European Justice Commissioner Viviane Reding is today meeting with leaders of European insurance companies to discuss European contract law in the insurance sector.
Generali Deutschland expected to grow above market average
Generali Deutschland Holding AG and its main subsidiaries have received financial strength rating of A+ (Superior) and issuer credit ratings of “aa-”.