Generali

When reinsurers are too big it is their cedants that can suffer, but when the buyers are too big it is the reinsurers that are squeezed by the asymmetrical relationship.

Liability cover and a separate D&O policy held by the bridge operator’s parent could also come into play.

The initiative has hired Generali's di Marzo to lead its blockchain efforts in the sector.

The Italian carrier announces the results as it nears the end of a restructuring programme.

The insurer-owned blockchain start-up B3i is to build its systems on a blockchain platform developed by banking sector technology consortium R3.

The legacy sector has seen surging deal volumes of late, but the major inflows of capital into the space look set to choke off returns, with the live market’s depressed returns a cautionary tale for run-off acquirers.

Generali took another step toward narrowing its focus with a EUR540mn ($669.6mn) agreement to sell its Belgian business to Apollo Global Management-backed life specialist Athora Holdings.