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Generali

Generali Belgium in June 2019 became Athora Belgium. The name change is the final stage in the January 2019 acquisition of Generali Belgium by Athora Holding. Since the acquisition, the company is led by CEO Dorsan van Hecke. The Athora brand came into existence at the beginning of 2018 following the spin-off from former parent company Athene Holding. Athora now is an insurance and reinsurance group that focuses on

Generali group general manager Frédéric de Courtois in May 2019 was elected vice-president of Insurance Europe (IE), for a three-year mandate. He succeeds Torbjörn Magnusson, group CEO and president of Sampo Insurance Group. Insurance Europe is the federation of national re/insurance associations from 34 E.U. and other European countries. Frédéric de Courtois began his career in the IT sector with CGI Informatique in France, before moving to French insurance

Generali Global Assistance (GGA) in February 2019 announced the acquisition of U.S. travel insurance specialist TripMate. GGA is Europ Assistance’s main brand name outside of Europe, and Europ Assistance is part of Generali Group. Based in Kansas City, Missouri, USA, TripMate is a specialized provider of travel insurance products. It acts as a managing general agent (MGA), operating as an intermediary between travelers and the U.S. travel insurance market. It

Bermuda-based Athora Holdings in January 2019 completed the acquisition of Generali Belgium, first announced in April 2018. The final consideration paid is approximately €540 million. Generali Belgium has 530,000 customers and sells a range of life and non-life insurance policies through around 1,000 independent brokers. In 2017, total premium income amounted to €640 million and assets to €6.5 billion. The company will be rebranded to Athora Belgium in the

Generali in November 2018 launched Generali Global Pension (GGP), a global business unit dedicated to pensions. The initiative is in line with Generali’s strategic targets of “consolidating its global leadership in Employee Benefits, and accelerating the growth of its asset management business.” GGP will provide multinational corporations with pensions de-risking solutions and cross-border plans. It will also create an additional distribution channel for Generali’s multi-boutique asset-management platform and develop

Generali Global Health (GGH) in November 2018 announced the appointment of John Kaye as Head of Business Development, EMEA. He reports to Chief Commercial Officer Stuart Leatherby and is located in London. Prior to joining GGH, Kaye worked at Cigna International for 16 years, with roles in Client Services and Business Development in the Middle East and Asia, before becoming Managing Director for Europe. Previously, he was Client Manager

Generali Global Health (GGH) in November 2018 appointed Ran Wang as Head of Market Development for the Asia-Pacific Region, based in Singapore and reporting to Chief Commercial Officer Stuart Leatherby. GGH is Generali’s specialist division for international private health insurance (iPMI). Both GGH and Generali have a strong focus on the Asia-Pacific region. Ran joins GGH from Aetna International, where he held the position of Regional Head of Strategy and

Generali in September 2018 changed its organizational structure. Group CEO Philippe Donnet adapted Generali’s organization to carry out the new Strategic Plan 2019-2021 and better support “integrated projects at Group level and a strong involvement of the operating companies within the Group.” A new position of General Manager reports to the Group CEO. Frédéric de Courtois is in charge of the Group CFO; Group Chief Marketing & Customer Officer;

Generali in October 2018 launched a new Cyber Insurance division as well as a start-up, CyberSecurTech, to address cyber risks. The new division combines cyber insurance products with Generali CyberSecurTech, led by CEO Remo Marini, and which will deploy cyber risk assessment methodologies for customers. Generali recently launched the in-house designed and developed Majorana technology platform. It collects and analyses customer data, starting from an assessment of the customer’s

IPMI provider Generali Global Health (GGH) in October 2018 enhanced its Global Choice iPMI product by adding the My Digital Doctor app. Using a smart phone or tablet, beneficiaries now can schedule video and phone consultations with a global, multilingual team of doctors 24 hours a day. Through the new app, GGH members are able to discuss all aspects of primary care; manage ongoing conditions with a doctor and

International health insurance provider Generali Global Health (GGH) in October 2018 upgraded its product, Global Choice, by adding a new wellness app called Bria. Bria is a mobile app that helps members identify health risks and take preventative steps. It also offers access to health advice, according to each member’s situation and goals. Bria connects with over 1,000 popular health and activity trackers and is available for free to

Generali Employee Benefits (GEB) in September 2018 announced the launch of CIAO, a mobile health app designed to help clients promote healthy behaviors within their organizations, encourage employees to improve their overall health and address lifestyle-related illnesses such as obesity, diabetes, stress, and heart disease. The CIAO app has been developed in partnership with UK-based health tech firm Tictrac. Through research and a deep understanding of consumer behavior and

Jacqueline Carter and Rasmus Hougaard, authors of new book, “The Mind of the Leader”, published by Harvard Business Press in March 2018, will be on hand and present their key messages at the launch event supported by Generali Employee Benefits – GEB. According to the authors’ research, organizations and leaders are not meeting employees’ basic human needs of finding meaning, purpose, connection, and genuine happiness in their work. Furthermore,

Generali Global Assistance (GGA) in September 2018 appointed Philippe Gervais as President of GGA’s Travel Insurance company. Gervais, located at the Travel Insurance headquarters in San Diego, California, reports to Chris Carnicelli, CEO of GGA North America, who oversees the travel insurance and assistance, identity theft protection, and medical risk management business lines. Prior to joining GGA, he was CEO of Europ Assistance Belgium. Generali operates its assistance businesses

U.S. insurance carrier Allstate in August 2018 acquired identity theft services company InfoArmor for $525 million. Allstate’s stated intent is to grow its employee benefits business. According to Tom Wilson, Chairman, President and CEO of Allstate, in 2017 “there were over 16 million victims of identity fraud [in the U.S.], which resulted in over $16 billion of losses.” InfoArmor is a private company with headquarters in Scottsdale, Arizona. Its

Generali in July 2018 sold Generali Worldwide Insurance Company and Generali Link to Life Company Consolidation Group (LCCG). LCCG is based in London and owns Utmost Wealth Solutions and Reliance Life. Utmost, a provider of international savings, protection and investment solutions into the UK, Continental Europe and Asia, operates from Ireland and the Isle of Man. It manages over £22bn of assets. Reliance Life is a London-based run-off manager

Assicurazioni Generali in July 2018 sold an 89.9% stake in Generali Leben life insurance to a partnership which includes Viridium Gruppe and Hannover Re.  Viridium is owned by London-based private equity firm Cinven (80%) and global German reinsurer Hannover Re (20%). Generali Leben is valued at up to € 1 billion, including €125 million as earn-out in case of changes in the rules regulating the allocation to ZZR1 technical

Generali’s Trieste, Italy-based mother company Assicurazioni Generali SpA in May 2018 announced it would set up a new branch in Luxembourg, dedicated to the global employee benefits business. It will operate as the insurance and reinsurance operation of Generali Group serving global companies and their employees from the multinational corporate as well as the international middle market segments. The Luxembourg branch also will be used as a base to

Generali in April 2018 sold Generali Belgium to Athora Holding for EUR 540 million. Generali Belgium is primarily focused on the life segment but also offers P/C products. After the sale, Generali will remain present in Belgium through its Global Business Lines and especially Generali’s multinational pooling network GEB as well as through Europ Assistance. Athora is likely to rename the company after completion of the deal; it will

Generali in April 2018 completed the sale of its operations in Panama and Colombia. The Panamean subsidiary was sold to local insurer ASSA and Colombia to German insurer Talanx. Generali Employee Benefits (GEB), Generali’s multinational pooling network, remains unaffected. In addition to GEB, Generali will still be present in both countries through Generali Global Corporate & Commercial and Generali Global Health as well as through Europ Assistance.

Generali Group in October 2017 announced the global launch of the Human Safety Net, an initiative to help the world’s most vulnerable communities. The Human Safety Net is based on the idea of communities of “people helping people” creating sustainable change and that these changes will create a positive ripple effect. The three programs selected and detailed below target key social issues affecting the communities where we live and

Data breaches and cyber security are a significant concern with U.S. businesses expecting to see an all-time high of nearly 1,500 reported data breaches in 2017. Business owners need to be more vigilant than ever in order to avoid these near-certain attacks, and to protect their employees’ and customers’ personally identifiable information (PII). Generali Global Assistance, in cooperation with the Identity Theft Resources Center (ITRC), in August 2017 released

Europ Assistance Holding in August 2017 appointed Fabio Carsenzuola as the new CEO and General Manager of Europ Assistance Italy, a member of the Generali Group. Carsenzuola replaces Bruno Scaroni, who was recently named Strategy & Business Accelerator Director at Generali Group. He began his professional career as project leader in Pride Group and later worked for management consulting firm McKinsey, where he focused on banking and insurance in

Generali Global Health (GGH), the international health insurance division of Generali, in June 2017 launched a new product in Spain, Global Choice, an international health insurance plan for groups with globally mobile employees. GGH has partnered with sister company Generali España to launch Global Choice in Spain. Since its launch in select markets throughout 2016, including the UAE and Hong Kong, Global Choice has been updated and the Spanish

GEB in June 2017 announced the appointment of three senior executives to its leadership team. As part of the investment drive enabling its growth strategy, Generali’s global employee benefits network has hired three well-known global employee benefits leaders from MAXIS and AXA. Thierry Mestach joins GEB as director of Network Management & Partnerships, after 19 years with AXA and MAXIS which he joined in 2000, soon after its launch.

Jean-Laurent Granier in June 2017 joined Generali Group as Country manager for France and Chairman & CEO (Président Directeur Général) of Generali France. In his capacity, he also is a member of the Group Management Committee of Assicurazioni Generali. Generali France is one of the key providers of group insurance coverage in the French domestic market, as well as of French expatriates products. The group insurance division is led

CSA Travel Protection, a travel insurance provider, in May 2017 began rebranding to Generali Global Assistance as part of a wider program to rebrand several Europ Assistance business lines in the United States to Generali Global Assistance (GGA). Products and solutions carrying the CSA Travel Protection name will transition over time, while retaining and enhancing offerings and services to customers. As GGA, they will be able to offer a