Generali blows 2023 nat-cat budget in nine months
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Generali blows 2023 nat-cat budget in nine months

Generali logo Triest Italy.jpg

Italian insurer Generali has booked more losses in the first nine months of 2023 than it had budgeted for during the full year, according to its CFO.

Reuters reported that Cristiano Borean said during an industry event on Thursday that it had recorded cat losses of around EUR840mn ($888mn) net of reinsurance in the three months to 30 September.

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