Generali
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Natural catastrophe claims remained consistent compared with the prior year. -
The group reported an 89.7% combined ratio for the quarter.
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A positive outcome could significantly curb insurers’ exposure to the loss.
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The Italian carrier posted a record group profit of EUR7.3bn.
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The capacity arrangement with LRA also remains in place.
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The rating agency also upgraded the long-term issuer credit rating.
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The P&C combined ratio improved to 94%, while premiums rose by 6.9% to EUR25bn.
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Generali has produced a report with the United Nations Development Programme extolling the virtues of parametric insurance.
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Natural catastrophe claims increased by 0.5 percentage points in the first six months of 2024.
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This publication reported that parties including Sompo and Generali were circling the carrier.
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Sources said that Japanese big-three carrier Sompo and Italian insurance giant Generali are circling.
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The group's P&C segment reported top-line expansion of 6.2% over the period.
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