Generali Asia

January Newsletter 2010

editor — Wed, 03 Mar 2010 11:06:25 +0000

Generali (Asian Network) Newsletter for January 2010. Click to open January Newsletter 2010

Generali Group’s Production results for 2009: Premiums at over € 70 billion (+6.2%) thanks to the Group’s geographic spread and diversified distribution channels

editor — Fri, 26 Feb 2010 03:14:37 +0000

Milan, 25^th February 2010 At a meeting chaired by Antoine Bernheim, the Board of Directors of Assicurazioni Generali examined production results for financial year 2009. In a difficult year when the insurance markets experienced a general downturn in premium income, the Generali Group closed 2009 with gross written premiums of more than € 70 billion, an increase of 6.2% (€ 70,530 million from € 68,805 million in 2008). The rise in premiums confirms the solidity of the Group business model based on geographical diversification and diversified proprietary sales channels. Click Here to View the Press Release.

Generali, Qatar Islamic Bank and Beema start studying the possibility of launching a Joint Venture in the Takaful sector

editor — Mon, 18 Jan 2010 01:50:54 +0000

Trieste-Doha (Qatar), 22 December 2009. Qatar Islamic Bank (QIB), Generali and Beema have started assessing the feasibility of the future launch of a Joint Venture in the Takaful business.

The preliminary agreement that has just been reached aims at creating a partnership that will draw upon the insurance technical skills of the Generali Group combined with the in-depth market knowledge and distribution capabilities of QIB, together with the specialized skills of Beema in the Takaful business. QIB is the leading Islamic Bank in

Qatar and ranks among the first five “Sharia-compliant” banks in the world. Beema is an insurance company licensed for takaful insurance products, partially owned by QIB. Click Here to View the Press Release.

December Newsletter 2009

admin — Mon, 28 Dec 2009 06:30:30 +0000

Generali (Asian Network) Newsletter for December 2009. Click to open December Newsletter 2009

October Newsletter 2009

editor — Tue, 01 Dec 2009 08:00:18 +0000

Generali (Asian Network) Newsletter for October 2009. Click to open October Newsletter 2009 .

Consolidated Results at 30 September 2009

editor — Tue, 10 Nov 2009 01:53:22 +0000

Milan, 5 November 2009. At a meeting chaired by Antoine Bernheim, the Board of Directors of Assicurazioni Generali approved the consolidated results at 30 September 2009. Strong recovery in the third quarter: shareholders’ equity up by € 2 billion to € 13.6 billion (+16.9%); net profit for the nine months at € 894 million, exceeding 2008 full-year profit thanks to the significant rebound in third-quarter net profit from € 210 million to € 390 million; production growth resumes, premiums for the nine months total € 50.4 billion (+1.5%). Life net inflows reach € 11.1 billion (+22%). Commenting on the results, Antoine Bernheim said: “We are satisfied to report strong growth in the third quarter despite the macroeconomic backdrop, with a healthy recovery in both Life and Non-Life production. We achieved this significant result thanks to our widespread distribution networks, geographical diversification and the attainment of important cost-reduction targets. On this last point, we are reaping the benefits of the investments made in the last few years to boost Group efficiency. This suggests we can expect a higher net profit for the full year compared with 2008.”Click Here to View the Press Release

A.M. Best Affirms Ratings of Assicurazioni Generali S.p.A.

editor — Mon, 12 Oct 2009 08:36:50 +0000

Trieste, 9th October 2009 – A.M Best affirmed the rating of Assicurazioni Generali at A+. The outlook remains stable. According to the agency “the ratings reflect the company’s excellent business position and the strong, albeit lower, capitalization”.Click Here to View the Press Release

Generali: Sergio Balbinot the first Italian business leader invited to address the Chinese Communist Party’s Central School

editor — Mon, 12 Oct 2009 08:33:49 +0000

Beijing, 10 October 2009. Sergio Balbinot, chief executive officer of Italy’s Generali insurance group, delivered a lecture at the Chinese Communist Party’s

Central

School. Addressing an audience of politicians and leading representatives from

China’s insurance and financial services industry, Mr. Balbinot illustrated the strategies adopted by Generali to guarantee stability in periods of crisis. Mr Balbinot is the first Italian business leader invited to intervene at the Chinese Communist Party’s

Central

School. The lecture focused attention on the dual social role of the insurance company as a pension provider and a financial intermediary for savings deposits and investment, with important benefits for the growth of the national economy and all stakeholders. Li Jingtan, the School’s executive vice president, thanked Mr Balbinot for his meaningful contribution and added that “the cooperation between Generali Group and the Party’s

Central

School will definitely help strengthen Sino-Italian relationships”. The audience attending the lecture showed their appreciation of the role played to date by Generali on

China’s insurance market. During the meeting, it has been noticed that the results achieved by the Group despite the economic crisis are a source of inspiration and subject for study for the local financial sector. Furthermore, it has been highlighted that the rapid development of this important sector of Chinese economy can be assisted by insurance companies in their key role as a node between social welfare and investment capacity, while simultaneously guaranteeing investment stability and prudence, together with returns for investors and policy holders. Click Here to View the Press Release

September Newsletter 2009

editor — Tue, 06 Oct 2009 03:33:59 +0000

Generali (Asian Network) Newsletter for September 2009. Click to openSeptember Newsletter 2009 .

July Newsletter 2009

editor — Wed, 02 Sep 2009 03:49:59 +0000

Generali (Asian Network) Newsletter for July 2009. Click to open the newsletter July 2009.