Latest Generali Life Assurance (Thailand) Plc. Headlines

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Telecom Italia Owner Generali Says Plans to Sell Its Stake in June

May 23 2014 // Assicurazioni Generali SpA, the insurer that is part of the investor group that owns 22.4 percent of Telecom Italia SpA, plans to sell its holding in June, Chairman Gabriele Galateri said.Galateri spoke today at an event...

Generali Begins Talks on BSI Sale; Q1 Profit Up 9.4%

May 15 2014 // Italian insurer Generali expects to meet key capital and asset sales targets ahead of time after kicking off talks with Brazil’s BTG Pactual for a possible sale of Swiss unit BSI, a central plank of its...

Best Revises Insurance Holding Company and Debt Ratings: Companies Affected

May 12 2014 // A.M. Best announced that it has made some revisions to the criteria it uses in constructing its ratings reports, which will “provide clarification on several issues related to the rating of an insurance...

Generali Posts Quarterly Profit after Year-Ago Write Downs Caused Loss

Mar 13 2014 // Assicurazioni Generali SpA, Italy’s biggest insurer, reported a fourth-quarter profit after booking a loss a year earlier on write-downs of equity holdings. The insurer more than doubled its dividend.Net income was...

Generali Will Sell BSI Group ‘for Sure,’ CEO Greco Says

Jan 23 2014 // Assicurazioni Generali SpA, Europe’s third-largest insurer, will sell Swiss asset-management unit BSI Group as part of its disposal plan to boost capital.“We will sell BSI for sure, we have plenty of time...

Generali CEO Greco Targets Cost Reductions to Boost Capital

Nov 27 2013 // Assicurazioni Generali SpA, Europe’s third-largest insurer, plans to cut an extra 150 million euros ($204 million) of costs by 2015 and reduce debt to boost profit and strengthen capital.The company increased its...

Generali Third-Quarter Net Profit Rises as Operating Income Climbs

Nov 7 2013 // Assicurazioni Generali SpA, Italy’s biggest insurer, said third-quarter profit rose 75 percent as it earned more from its life segment and property and casualty operations.Net income rose to €510 million ($690...

Best Affirms Generali, Main Subs Ratings; Outlook Remains Negative

Aug 12 2013 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Assicurazioni Generali S.p.A. and its main...

Sources: Spain’s Bankinter, Apollo Global Team up to Bid for Generali’s BSI Bank

Mar 5 2013 // Spain’s Bankinter has joined forces with U.S. investment fund Apollo Global Management to bid for Italian insurer Generali’s Swiss private bank BSI in a deal worth up to €2 billion ($2.6 billion), three...

Generali’s BSI Lures Brazilian, Chinese Bidders: Sources

Jan 22 2013 // Brazilian-Swiss bank Safra and a Chinese bank are among the three bidders for Generali SpA’s Swiss private bank, BSI, in a deal worth€ 2 billion ($2.668 billion) that could help the Italian insurer shore up capital...

New Generali Boss Promises ‘Revolution’ at Italian Insurer

Jan 14 2013 // Mario Greco, the new boss of Europe’s 3rd largest insurance group, Italy’s Generali, has vowed to boost operating profit by a quarter via an ambitious turnaround strategy that focuses on “value over...

Ratings Recap: Kuwait Re, Ageas, Al Fajer Re, Generali (Notes)

Jul 6 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Kuwait Reinsurance Company K.S.C. (Closed), but...

Best Takes Generali, Subs Off Review, Affirms Ratings; Outlook Negative

Jun 7 2012 // A.M. Best Europe – Rating Services Limited has removed from under review and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” and all debt...

Generali Directors Oust Group CEO Perissinotto; Zurich’s Greco to Take Post

Jun 4 2012 // The Board of Directors of Italy’s Assicurazioni Generali announced that they had decided “by a majority to revoke the powers conferred on Giovanni Perissinotto as Managing Director and Group CEO of the...

Ultimate Risk Solutions Names Nicolini Senior Advisor for Europe

Mar 14 2012 // Ultimate Risk Solutions, LLC, (URS) announced that Riccardo Nicolini, a long-time senior executive of Assicurazioni Generali, one of Italy’s largest insurance companies, has been appointed as Senior Advisor.URS...

S&P Follows up on Euro Zone Rating Actions

Jan 18 2012 // Standard & Poor’s Ratings Services has followed up on the rating actions it announced in December concerning a number of Europe’s largest insurers.S&P has lowered its ratings on the following insurers...

AXA, Japan Post Top Best’s List of World’s Largest Insurers

Jan 4 2012 // France’s AXA S.A. has again topped the list of the world’s 25 largest insurance companies, based on premiums written, compiled by A.M. Best. The lists, which were compiled both on asset value and on net...

Best Downgrades Generali, Main Subs Ratings; Keeps on Review/Negative

Dec 15 2011 // As a result of the continued negative developments regarding the euro zone sovereign debt crisis, A.M. Best Europe – Rating Services Limited has downgraded the financial strength rating (FSR) to ‘A’...

S&P Puts Allianz, Aviva, AXA, Generali, Mapfre Units, 10 Other EU Insurers on CreditWatch/Negative

Dec 12 2011 // Standard & Poor’s Ratings announced that it has placed its ratings on the following insurers (and certain related operating subsidiaries and certain holding companies) on CreditWatch with negative...

AXA, Generali Said to Advance in HSBC General Insurance Sale

Dec 8 2011 // AXA SA and Assicurazioni Generali SpA are among bidders shortlisted for HSBC Holdings Plc’s planned sale of its general insurance business, sources familiar with the matter told Reuters.HSBC, Europe’s biggest...