Italian insurer Generali Group has inked an agreement with Cattolica to divest 100% of the capital of Fata Assicurazioni Danni, in a transaction valued at nearly €179m. Generali noted that the transaction will enable it to further ...
Tags: insurer, Generali Group
French diversified financial service conglomerate SCOR Group has acquired the US life reinsurance business of Italy-based insurer Generali Group, for total gross proceeds of $910m in a combination of cash and collateral. The acquisition, ...
Tags: SCOR Group, Life Reinsurance
Charles Taylor, a UK-based insurance service provider, has purchased KnowledgeCenter, a provider of business solutions to insurance industry, for an undisclosed amount. Formed in 2001, KnowledgeCenter provides business solutions to major ...
Tags: Charles Taylor, insurance
Italian insurer The Generali Group has posted net profit of €1.08bn for the first half of 2013, an increase of 28.4% compared to €842m for the same period prior year. Earnings after taxes were €1.16bn in the first half of ...
Tags: Net Profit, insurer
Italy-based underwriter Generali Group has entered into an agreement to dispose of its US life reinsurance business to SCOR, in a deal valued at nearly $920m in a grouping of cash and collateral. Under the terms of the transaction, nearly ...
Tags: Generali, Life Reinsurance
The planned sale of stake in Future Generali India Life Insurance Company to Industrial Investment Trust Ltd (IITL) has received approval from fair trade regulator Competition Commission of India (CCI). The approval was granted after a ...
Tags: Service
Germany-based insurance and financial services provider, Generali Deutschland has deployed SunGard's iWorks ERM Platform, to enhance the efficiency, accuracy and auditability of its actuarial calculations and risk review process. The ...
Tags: ERM Platform, Generali Deutschland, SunGard, risk review process
Insurance group in CEE, Russia and CIS, Generali PPF Holding (GPH) has selected Earnix Optimizer as its standard global pricing platform to enable pricing efficiency, effectiveness, and consistency throughout all GPH member companies. ...
Tags: CEE, GPH, Earnix Optimizer, pricing platform
Generali France has entered into a 10 year agreement with Accenture to manage a portfolio of over 100,000 individual life insurance policies, which are no longer underwritten, marketed or promoted by the insurer. Based on the agreement, ...
Tags: Generali France, portfolio, insurance policy, insurance
Italy based underwriter Generali is planning to dispose of its non-strategic assets in 2013, to boost its overseas operations and expand into China and the rest of Asia, Eastern Europe and Latin America, and other emerging market. ...
Tags: non-strategic assets, Generali, insurer
Generali, an Italian underwriter has inked a deal with Eliahu Insurance to dispose its 69.13% controlling stake in Migdal Insurance and Financial Holdings for €705m, which is 16% down compared to a price of €835m settled in March ...
Tags: Generali, insurance, acquisition agreement, Solvency
The third biggest underwriter in Europe Generali has appointed Mario Grecoas its new CEO, after terminating the employment contract between the company and Giovanni Perissinotto as general manager. Before accepting the current position at ...
Industrial Investment Trust Ltd(IITL)has emerged to be the preferred bidder among its rivals to acquire the life insurance business of Future Group. Future Group has inked a non-binding agreement with non-banking finance company IITL,to ...
Italy-based Generali is contemplating to dispose its US life reinsurance business, thus paving a way to exit from US underwriting market. Italian largest insurer by annual premiums has appointed Citigroup to counsel it on the proposed ...
Tags: insurance, life reinsurance, reinsurance, increase