Generali
Cedants less likely to transfer business to reinsurers, says AM Best
Europe’s 20 largest cedants are benefitting from lower reinsurance rates and stronger bargaining power according to ratings agency AM Best.
Generali enters Malaysia market with 49% acquisition
Italian giant Generali has bought a 49% stake in general insurer Multi-Purpose Insurance owned by Multi-Purpose Capital Holdings.
Generali appoints Dunning as Asia head of claims
Generali global corporate and commercial has made two key appointments in Hong Kong for its Asia business.
Market Moves - 23 October 2014
All the latest job moves in the insurance market.
Travelers business development manager Cole moves to Generali
Generali Global Corporate and Commercial UK has appointed Travelers’ business development manager James Cole as client and broker relationship manager.
Generali announces double resignation
Italian insurer Generali has announced two resignations of top executives including group chief insurance officer Sergio Balbinot.
Generali Asia hires Teh and Seach
Generali Asia has appointed Gary Teh as chief operating officer and Hayden Seach as head of global corporate and commercial.
Generali names Parisi as Europ Assistance CEO
Italian insurance giant Generali has named Antoine Parisi as the new chief executive of travel and healthcare cover provider Europ Assistance.
Balbinot’s Insurance Europe presidency extended
The chief insurance officer of Generali will serve an additional year as president of Insurance Europe after a vote at the European insurance and reinsurance federation’s General Assembly in Malta.
Generali expands Asia-Pacific business with Mitsui tie up
Italian insurer Generali has completed a deal to expand its operations in Asia and Oceania in partnership with Mitsui Sumitomo
Generali posts 5.3% rise in operating result despite falling P&C premiums
Generali’s operating result rose by 5.3% to more than €4.2bn for 2013, driven by improved operating results in life and property and casualty.
Generali Spain appoints Villa as CEO
Generali’s Spanish unit has named former Generali Seguros director general comercial Santiago Villa as its new chief executive.
Fitch affirms Generali at A- with negative outlook
Fitch has confirmed the ratings of Italian insurance giant Generali, locking the insurer and its core subsidiaries’ Insurer Financial Strength score at A- with a negative outlook.
Generali backs Italian stem cell trial
Italian insurer Generali and research organisation Associazione Revert Onlus have begun a three-year partnership to support cell therapy clinical trial on Amyotrophic Lateral Sclerosis.
Axa retains top spot in AM Best insurer rankings
French insurer Axa has held on to the top spot in the AM Best ranking of largest insurers by net premiums written, with Allianz climbing into third place.
International: Europe boards the telematics train
European powerhouse Germany is the latest country to show an appetite for collecting driving data. But the global spread isn’t stopping there.
Europe: Telematics around the world
"Black", "box" and "technology" have become buzzwords for the insurance industry, with firms of all stripes seeking to incorporate more data into both their underwriting and claims processes to give insurers a better idea of customer risks.
Generali on negative watch after S&P adjusts ratings criteria
Ratings agency Standard & Poor's has placed Italy’s Generali on credit watch with negative implications.
Generali sells Fata Danni to Cattolica for €179m
Italian insurer Generali has agreed to sell its agricultural risks business Fata Assicurazioni Danni to Cattolica for €179m (£149m).
Generali takes full control of Philippines, Thailand and Indonesian operations
Generali has completed the acquisition from Kuok Group of the 40% interests held by the partner in Generali Asia, the holding company controlling the group's insurance operations in the Philippines, Thailand and Indonesia.
Generali boosts profits by 40%
Assicurazioni Generali has posted net profits of €1.6bn (£1.3m), a 40.4% increase on the nine month results last year.
RSA stock boosted by takeover rumours
Rumours of a buyout at RSA have seen the insurer’s share price climb 3.1p yesterday, reaching a high of £1.27 at the close of business on the London Stock Exchange.
Cash compensation for the minority shareholders of Generali Deutschland Holding
As part of the squeeze-out procedure to take full control of Generali Deutschland Group, Assicurazioni Generali has notified its subsidiary Generali Deutschland Holding AG about the amount of cash compensation to be granted to the minority shareholders…
Generali unveils EMEA and Latin America units
Generali is to simplify its global structure by creating two new business regions, Europe, Middle East and Africa, and Latin America.