Generali
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Group earnings more than halve as Covid-19 devastates investment income. -
The partnership includes a reinsurance pact and the sale of a near-one quarter stake.
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The disposal would be the latest of several.
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The carrier also makes appointments to the global business lines team.
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Generali, SIAT, Swiss Re, India International and PICC argued that the policies had an exclusive English jurisdiction clause.
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Group net profit was down 85 percent due to financial market impairments.
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An overall reduction in the loss ratio came despite an uptick in catastrophe losses.
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Generali Global Corporate & Commercial CUO Bill Skapof becomes the inaugural CEO of N2G.
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Nine cedants including Allianz and Generali were involved in the pilot.
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Former Generali UK manager and head of financial lines hired.
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The new division will partner with retailers to provide tailored warranty services for consumer products.
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Group earnings at the Italian insurer and asset manager beat forecasts.
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