Generali News

Generali Acquires Alternative Asset Management Firm CM Investment Solutions

Italian insurer Generali Group has acquired CM Investment Solutions Limited (CMISL), an alternative asset manager in London, from Bank of America Merrill Lynch. Details of the transaction were not disclosed. CMISL, which was established in 2007, has grown to become …

Generali Earmarks €4 Billion ($4.6 Billion) for Acquisitions, Growth

Generali has earmarked up to four billion euros for acquisitions and growth as it looks to asset management and high-margin business in Latin America and Asia to fuel earnings. Italy’s top insurer — which generates most of its revenues in …

Generali’s 9-Month Net Profit Rises 27% to $2 Billion

Italy’s top insurer Generali said on Thursday its net profit in the first nine months of the year rose 26.8 percent to beat expectations, lifted by stronger life premiums and disposals. Net profit reached 1.86 billion euros ($2 billion), above …

Generali Opens Representative Office in Moscow

Generali opened a representative office of Generali in Moscow on Oct. 31, 2018, which the company said is an important milestone in its expansion in the country. The office was opened by two Generali executives: Luciano CirinĂ  and Giorgio Callegari. …

Generali to Acquire Polish Asset Management Firm, Union Investment TFI

Generali has entered into an agreement with the German Group Union Asset Management Holding AG to acquire a 100 percent stake in the Polish asset management company Union Investment TFI S.A. Financial details of the acquisition were not revealed. The …

Generali Launches Cyber Insurance Function and Cyber Security Subsidiary

Generali has launched a new Cyber Insurance function and the formation of a cyber security company. The Cyber Insurance function will combine a range of cyber insurance solutions with the support of a technology start-up, CyberSecurTech, which is wholly owned …

Is the Reinsurance Cycle Dead or Just Dormant? Executives Discuss New Realities

Many reinsurance executives have been left scratching their heads in surprise after last year’s natural catastrophes, which cost a whopping $100 billion but ended up having very little impact on rates. The insurance and reinsurance market isn’t behaving as it …

Benetton Family’s Wealth Drops by $2B After Genoa Bridge Disaster

Fallout from the Genoa bridge disaster has erased about $2 billion of net worth from one of Italy’s richest families. The billionaire Benettons control 30.25 percent of Atlantia SpA, the construction company and toll-road owner that operated the Morandi Bridge …

Generali Plans to Sell Wealth Management, Services Units for $476M

Assicurazioni Generali SpA agreed to sell wealth-management and service units in Ireland and Guernsey for 409 million euros ($476 million), pushing the Italian insurer above its target for international disposals. The Generali Worldwide and Generali Link businesses will be purchased …

Generali Agrees to Sell German Life Unit, Valued at $1.2B, to Viridium

Assicurazioni Generali SpA agreed to sell almost 90 percent of its German Generali Leben unit to a company owned by Cinven Ltd. and Hannover Re in a deal that values the business at about 1 billion euros ($1.2 billion.) The …