Assicurazioni Generali
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Generali's headquarters in Trieste, Italy.
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| Società per azioni | |
| Traded as | BIT: G |
| Industry | Financial services |
| Founded | 1831 |
| Headquarters | Trieste, Italy |
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Area served
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Italy, Europe, Asia, Middle East, Americas |
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Key people
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Gabriele Galateri di Genola (Chairman) Philippe Donnet (CEO) Alberto Minali (CFO) Sandro Panizza (CRO) Nikhil Srinivasan (CIO) |
| Products | Insurance, banking, investment management |
| Revenue | €66 billion (2013 premiums) |
| Profit | €1.9 billion (2013 net result) |
| Total assets | €508 billion (end 2013 total AUM) |
| Total equity | €19.8 billion (end 2013 shareholder equity) |
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Number of employees
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77,000 (end 2013) |
| Subsidiaries | Genertel, Alleanza Toro, Ina Assitalia, Europ Assistance Group |
| Website | www.generali.com |
Generali Group is the largest insurance company in Italy and third in the world. It has its headquarters in Trieste. In 2010, Assicurazioni Generali Group was the second largest insurance group in the world by revenue after AXA. The company is a component of the Euro Stoxx 50 .
Under the name of Imperial Regia Privilegiata Compagnia di Assicurazioni Generali Austro-Italiche, the company was founded on December 26, 1831. At the time, Trieste was the most important sea port of the Austro-Hungarian Empire. The company grew in importance, becoming one of the largest insurance operators both in Italy and in Central Europe. As of 2014[update], the company ranks 48th on the Fortune Global 500 list of companies and 43rd on MITs worldwide "Smartest Companies" ranking in 2015.
Today Generali operates primarily in Europe, Middle East and East Asia, with large market shares in Italy, Poland, Germany (under the name of Generali Deutschland), France, Austria, Slovenia, The Netherlands, Croatia, Serbia, Spain, Switzerland, Romania, Israel, Japan, China and Bosnia and Herzegovina, with secondary operations in Latin America. Generali's United States operations are concentrated in financial products management, a result of the group's acquisition of Business Men's Assurance Company of America (BMA) in 1990. In 2002, Generali sold BMA's life insurance arm to the Royal Bank of Canada. In 2013, Generali sold its US reinsurance arm to Scor.
On Jerusalem's Jaffa Road, the Generali Building (בניין ג'נרלי), built by the company in 1935, is still known by that name although the company operated its Jerusalem branch in the building only from 1935 to 1946. The Generali Building is still owned by the Italian insurance firm through its local representative, the Migdal Insurance Company. The building currently houses various government offices, including the Jerusalem District Administration, the Ministry of Interior, the Department of Immigration and Population Registry, and the Internal Auditing Office. It is a famous Jerusalem landmark, due to the large and well-preserved stone statue of a winged lion on its roof; this is the Lion of Saint Mark, patron saint of Venice, and the symbol of the Generali insurance company which appears on all of its branches worldwide since 1848.
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Wikipedia