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Generali Italia

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Generali Italia Spa
Company typeSubsidiary
IndustryFinancial services
Founded2013
HeadquartersMogliano Veneto, Italy
Key people
Giancarlo Fancel (Country Manager Italy & CEO), Gianluca Perin (Country General Manager), Massimo Monacelli (General Manager)
ProductsInsurance, asset management
Number of employees
15,000[1]
ParentAssicurazioni Generali
Websitewww.generali.it

Generali Italia S.p.A. or simply Generali is an Italian insurance company based in Mogliano Veneto, which is a subsidiary of Generali Group. Alleanza Assicurazioni, Cattolica Assicurazioni, DAS, Genertel and Genertellife, Generali Welion, Generali Jeniot and Leone Alato[2] are headed by Generali Italia.

History

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The company was founded on July 1, 2013[3] when the Italian branch of Assicurazioni Generali was transferred to INA Assitalia and the name was changed to Generali Italia SpA. The insurance activities of the Toro Group (Toro, Lloyd Italico and Augusta) were then integrated. Sergio Balbinot was the first chairmen and Raffaele Agrusti the CEO; their office lasted until the approval of the 2013 financial statements. On 7 October 2013 Philippe Donnet joined the Generali Group and became Country Manager Italy and CEO of Generali Italia.[4]

In May 2016 Marco Sesana was appointed Chief Executive Officer and General Manager.[5][6]
In the following three years a new phase started and two new companies were born: Generali Welion,[7] an integrated welfare company, and Generali Jeniot,[8] which deals with IoT services and connected insurance.
In May 2020, IVASS, the supervisory entity for the sector, ordered Cattolica's top management to carry out a capital increase of 500 million by 30 October 2020.[9] On 25 June 2020, Generali and Cattolica announce a strategic partnership which consists in the entry of Generali into Cattolica with a stake of 24.4 percent[10][11]

In November 2021, Generali held 84.475 percent of Cattolica's share capital.[12][13]

In September 2022 Giancarlo Fancel, previously group Chief Risk Officer, was appointed Country Manager Italy and Chief Executive Officer.[14]

Activities

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Generali Italia, including its subsidiaries, has:[15][1]

  • 11 million customers
  • € 28BN total premiums in 2022
  • 15 thousand employees
  • 40,000 distributors plus bancassurance.

Subsidiaries

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Insurance companies

Service companies

  • Generali Welion
  • Generali Jeniot
  • Leone Alato

See also

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References

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  1. ^ a b Italia, Generali. "La Nostra Compagnia | Generali Italia". www.generali.it. Retrieved Jun 29, 2024.
  2. ^ "Italy - Generali Group". Retrieved Jun 29, 2024.
  3. ^ "Nasce Generali Italia, la piu' grand... - Gruppo Generali". Retrieved Jun 29, 2024.
  4. ^ "Generali appoints CEO and general manager". www.intelligentinsurer.com. Retrieved Jun 29, 2024.
  5. ^ Generali Announces Marco Sesana as Country Manager for Italy and Timothy Ryan as Group Chief Investment Officer
  6. ^ "Marco SESANA named new Country Manager of Italy. Timothy RYAN named Group Chief Investment Officer - Insurance -". www.xprimm.com. Retrieved Jun 29, 2024.
  7. ^ "Generali Italy launches direct to client employee benefits service company | GEB". www.geb.com. Retrieved Jun 29, 2024.
  8. ^ FIRSTonline, Redazione (Sep 19, 2018). "Assicurazioni: Generali Italia lancia Jeniot per l'Internet delle Cose". FIRSTonline. Retrieved Jun 29, 2024.
  9. ^ "Italy watchdog asks insurer Cattolica to boost capital". Reuters. Archived from the original on 2023-05-18.
  10. ^ Gallin, Luke (Jun 25, 2020). "Generali to become a major shareholder of Cattolica via strategic partnership - Reinsurance News". ReinsuranceNe.ws. Retrieved Jun 29, 2024.
  11. ^ "Generali to become a major shareholder of Cattolica via strategic partnership – Reinsurance News". ReinsuranceNe.ws. 2020-06-25. Retrieved 2022-06-06.
  12. ^ "Generali to own 84.47% stake in smaller rival Cattolica". Nov 5, 2021. Retrieved Jun 29, 2024.
  13. ^ "Generali seals takeover of rival Italian broker Cattolica – Reinsurance News". ReinsuranceNe.ws. 2021-11-04. Retrieved 2022-06-06.
  14. ^ "Generali unveils new organizational structure to support its 3-yr plan". euronews.next. 2022-06-23. Retrieved 2022-09-13.
  15. ^ "La nostra compagnia - Generali Italia". Retrieved Feb 24, 2024.
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