Tag: Generali

Allianz and Generali intend to dump their life insurance assets

H. Cutner
Life insurance assets - Euros

Two of the largest insurers in Europe are planning to sell business worth as much as $9.9 billion. Allianz and Generali, two of the largest insurers in Europe, are preparing to sell billions of euros worth of life insurance assets. Allianz SE intends to sell as much as 9 billion euros worth of these assets in countries such as Italy. Sources familiar with the matter report that Allianz SE is looking to sell off life insurance assets worth as much as $9.9 billion in countries including Italy. The German insurer…

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Advocates of Holocaust insurance claim seek to draw Obama’s notice

Three quarters of a century after the murder of family members in the Nazi death camps, Holocaust survivors continue their battle with insurance companies to have their money returned to them, and the Holocaust Survivors Foundation USA hoped to draw the attention of Obama to the cause, in Miami during his visit. Insurance companies that include AXA, Allianz, and Generali all continue to refuse to hand over payments for the insurance policies of holocaust survivors – and the descendents of those who had been sent to the death camps – unless…

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Biggest maritime insurance losses in history will likely result from Costa Concordia cruise liner

Julie Campbell

According to industry experts and analysts, the ruined Costa Concordia cruise liner may become the largest maritime insurance loss in history. Early predictions are indicating that the mutual societies and insurers may find themselves losing $1 billion on the disaster in which the multistory liner which had been carrying more than 4,000 people (both crew and passengers) ran aground off the west coast of Italy, capsizing and injuring dozens of people while killing at least five. There will be two primary issues to be faced in this catastrophe which involves…

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Leading European property and casualty insurers saw premiums increase of 5.2%

Marc

Spain-based MAPFRE has released the results of its 7th annual survey of European insurance companies and has ordered them based on their writing of gross premiums, determining that all of the top insurers were able to both raise their revenues from premiums and achieve successful outcomes that were largely based on activity outside their own countries. The survey specifically examined non-life insurers, and the report published by MAPFRE stated that the top ten insurance companies saw an increase of 5.2 percent in their premiums, bringing them to $283.39 billion in…

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