Generali
-
A deal was announced last July, with Cathay agreeing to take a 16.75% GIH stake. -
The company posted a record group profit of EUR6.9bn.
-
The Italian carrier will buy out joint venture partner CNPC Capital.
-
The combined P&C ratio improved to 94.3%, while premiums rose 11.5% to EUR23.4bn.
-
Italy’s largest insurer has booked EUR840mn in cat losses for the nine months to 30 September.
-
Talanx, Groupama and Itas had shown interest in the P&C business.
-
In the new role, Giulio Terzariol will take on responsibility for the firm's insurance business units.
-
Fitch has also upgraded Generali's Long-Term Issuer Default Rating to A from A-.
-
A webinar and report from the Geneva Association has explored the barriers and prospects for the growth of blockchain insurance.
-
The carrier’s P&C division reported a combined ratio of 91.6%, a 5.4-point improvement on the same period last year.
-
Other bidders included France's Groupama and Italy's Itas.
-
As part of the deal with Generali, Cathay will take a 16.75% stake in GIH.
Most Recent
-
Lancashire offers to buy out Names on Syndicate 2010
01 July 2025 -
Hadley set to leave MCI Syndicate 1902 for Starr
01 July 2025 -
Vantage’s Patel joins Aon as FI industry lead
01 July 2025 -
Daily Digest: Top news from 1 July
01 July 2025