Generali
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The voluntary tender builds on a 2020 deal in which the bidder took a 24% stake in its target.
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Natural catastrophes make a smaller impact on the combined ratio than a year earlier.
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General manager Frédéric de Courtois and group chief investment Timothy Ryan will leave the business.
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The legacy company announces three recent appointments to its management team.
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The new recruit will run SI’s UK and international property team.
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The internal venture aims to accelerate digitalisation across the group.
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Zaid Alami replaces Brendan McDonald, who is now underwriting head for the region.
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The Italian carrier has achieved its target of EUR200mn in expense reduction as part of its three-year plan.
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The executive will remain GGC&C UK head.
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Brendan McDonald has worked for the firm for two years, most recently as Asia head of financial lines underwriting.
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Group earnings more than halve as Covid-19 devastates investment income.
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The partnership includes a reinsurance pact and the sale of a near-one quarter stake.
