Latest Generali Life Assurance (Thailand) Plc. Headlines

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People Moves: AXA XL Names Bewlay Chief Exec Reinsurance, Replacing Cooper; Marsh Promotes 3 for Affinity; Hartford Hires Generali’s Mather to Lead Int’l Financial Lines

Mar 10 2022 // This edition of International People Moves details appointments at AXA XL, Marsh and The Hartford.A summary of these new hires follows here. AXA XL Names Bewlay as Chief Executive Reinsurance, Succeeding CooperAXA XL...

Italian Insurer Generali to Pull Out of Russia, Give Up Seats on Russian Insurer Board

Mar 4 2022 // Leading Italian insurer Generali said on Thursday it was pulling out of Russia after Moscow’s invasion of Ukraine, while Intesa Sanpaolo, Italy’s biggest bank, is reviewing its presence there.Generali said that...

Indian Court Blocks Struggling Future Enterprises Sale of Stake in Insurer Generali

Mar 1 2022 // An Indian court has blocked Future Enterprises from selling its stake in its general insurance joint venture business with Italy’s Generali, following a legal challenge by a group representing bondholders, two...

People Moves: Beazley’s Eaton to Retire at End of 2022; BHSI Promotes Flesch to Head of Marine in Germany; Oneglobal Latin America Taps Generali’s Silva to Lead Regional Team

Feb 23 2022 // This edition of International People Moves details appointments (and a retirement) at Beazley, Berkshire Hathaway Specialty Insurance (BHSI) and Oneglobal Broking.A summary of these announcements follows here....

Generali Chairman to Step Down Amid Investor Tensions That Are ‘Source of Regret’

Feb 16 2022 // The chairman of Italy’s biggest insurer, Generali GASI.MI, plans to step down in April after 11 years in the job, saying that current tensions among investors were a source of regret.Gabriele Galateri di Genola told...

Generali Activist Investors Urge ‘Open Dialog’ to Overcome Perceived Growth Issues

Feb 16 2022 // Two activist investors in Generali GASI.MI on Tuesday urged Italy’s leading insurer to engage in “an open and constructive dialog” to overcome issues that have held back its growth.Generali is at the...

Generali Asks Italian Regulators to Review of Tycoons’ Stake-Building

Feb 3 2022 // Assicurazioni Generali SpA requested regulators to assess whether the stakes purchased by a shareholder group including construction magnate Francesco Gaetano Caltagirone and Leonardo Del Vecchio are in compliance with...

Generali to Raise Stake in Indian P/C Insurance Joint Venture to 74%

Jan 27 2022 // Generali has agreed to become the majority shareholder in both its property/casualty and life joint ventures in India.For the P/C business, Generali has agreed to acquire 25% of the shares of Future Generali India...

Generali Loses Third Board Director in Less Than 2 Weeks

Jan 26 2022 // Italy’s biggest insurer Generali said on Tuesday Sabrina Pucci had resigned from its board for personal reasons, the third director to step down in less than two weeks.Generali’s second-largest shareholder...

Generali Proposes Candidates for New Board as Battle Rages On With Leading Investors

Jan 24 2022 // Italy’s top insurer Generali on Friday said it would press on with a list of candidates for its new board in line with regulatory guidelines, as a battle among its leading shareholders rages on.Italian market...

Generali’s Boardroom Battle Escalates With Resignation of No. 2 Investor

Jan 14 2022 // A boardroom battle at Generali has escalated after the No.2 investor in Italy’s biggest insurer resigned from the board in a challenge to the reappointment of CEO Philippe Donnet.Donnet, who is seeking a new mandate...

Update: Generali’s CEO Bets on Buyback, Dividend Hike, Bold Profit Goals to Keep Job

Dec 15 2021 // Italy’s biggest insurer Generali said it would stick to bold earnings goals for 2024, hike dividends and launch its first buyback in 15 years as Chief Executive Philippe Donnet’s bid to stay on faces opposition...

Generali to Focus on U.S., Asia in New Strategic Growth Plan: Report

Dec 13 2021 // Assicurazioni Generali SpA, Italy’s largest insurer, is preparing to unveil an international-growth strategy to investors this week, according to the Repubblica newspaper.The plan, to be presented by Chief Executive...

Generali Joins Forces With Accenture and Vodafone to Provide Cyber Insurance Services

Dec 10 2021 // Generali has joined forces with Accenture and Vodafone Business to create a package of cyber insurance services for corporate and small and medium-sized enterprise (SME) clients.The services include cyber risk assessments,...

Italian Tycoons’ Challenge to Generali Hinges on Its Strategy for Asset Management

Dec 6 2021 // The two Italian billionaires who are challenging Mediobanca SpA’s decades-long grip over Assicurazioni Generali SpA want Italy’s largest insurer to focus more on asset management, as they draw up their plans...

Generali in Preliminary Talks to Buy Credit Agricole Subsidiary La Medicale

Nov 23 2021 // Assicurazioni Generali SpA is in early talks on a possible takeover of Credit Agricole subsidiary La Medicale, as part of plans to expand in European non-life and health insurance businesses, according to people with...

Generali Investor De Agostini to Sell Stake, But Will Vote at AGM

Nov 23 2021 // Italian publisher Gruppo De Agostini said on Monday it had started the process to sell its 1.44% stake in Generali but would still be in a position to exercise its voting rights at the insurer’s next...

State Farm and Generali Join Investors in Computer Vision Startup Nexar

Nov 19 2021 // State Farm and Generali joined the $53 million financing round for Nexar, an artificial intelligence computer vision startup based in New York.The technology startup provides crowdsourced visual data that is contextualized...

Generali Acquires Italy Insurer Cattolica to Boost Domestic Market Leadership

Nov 1 2021 // Italy’s top insurer Generali sealed its 1.17 billion euro ($1.36 billion) takeover of smaller rival Cattolica on Friday in a move aimed at cementing its domestic market leadership.On the last day of Generali’s...

Berkshire Hathaway to Tender Stake in Italy’s Cattolica Under Generali Takeover Offer

Oct 22 2021 // MILAN – Warren Buffett’s Berkshire Hathaway has tendered its stake in Cattolica under a takeover offer by Assicurazioni Generali, a source close to the situation said on Friday.The move brings Italy’s top...