Assicurazioni GeneraliFrom Wikipedia, the free encyclopedia

Generali Group

Lion of Saint Mark

Type Società per azioni

Traded   as BIT: G

Industry Financial services

Founded 1831; 184 years ago

Headquarters Trieste, Italy

Area served Italy, Europe, Asia, Middle East, Americas

Key people Gabriele Galateri di Genola(Chairman)

Mario Greco (CEO)

Alberto Minali (CFO)

Sandro Panizza (CRO)

Nikhil Srinivasan (CIO)

Products Insurance, banking,investment management

Revenue €66 billion (2013 premiums)[1]

Profit €1.9 billion (2013 net result)[1]

Total assets €508 billion (end 2013 total AUM)[1]

Total equity €19.8 billion (end 2013 shareholder equity)[1]

Number of employees 77,000 (end 2013)[1]

Subsidiaries Genertel, Alleanza Toro, Ina Assitalia, Europ

Assistance Group

Website www.generali.com

Generali Group is the largest insurance company in Italy and one of the largest in Europe.[2] It has its headquarters in Trieste.[3] 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 stock market index.[4]

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, the company ranks 48th on the Fortune Global 500 list of companies.[5]

Contents  [hide] 

1Operationso 1.1Bank ownership

2Shareholder structure 3Notable employees 4See also 5References 6External links

Operations[edit]

The symbol of Assicurazioni Generali is derived from the flag of theRepublic of Venice, dissolved

byNapoleon three decades before the company was founded.

Generali's headquarters in Trieste, Italy.

Palazzo delle Assicurazioni Generali in Florence, Italy

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, Croatia, Serbia, Spain, Switzerland, Romania, Israel, Japan, China and Bosnia and Herzegovina, with secondary operations in Latin America, for example, in Panama. 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.[6] In 2013, Generali sold its US reinsurance arm to Scor.[7]

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.[8] The Generali Building is still owned by the Italian insurance firm through its local representative, the Migdal Insurance Company .[9] 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.[8] 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[8][10] which appears on all of its branches worldwide since 1848.[9]

In India the company is represented by Future Generali, a joint venture of Future group and Assicurazioni Generali.

Subsidiaries of the group includes, in Italy: Genertellife, INA Assitalia, Alleanza - Toro, Genertel, Europ-Assistance and Banca Generali .

Bank ownership[edit]Assicurazioni Generali was an active owner of Italian banks, such as Banca Intesa  (7.54% direct and indirect ownership[11]) and Banca Nazionale del Lavoro  (8.71980% in 2004[12]) as minority owner. Both banks are no longer held by Generali Group.

Banca Generali is the subsidiary of Assicurazioni Generali.

Shareholder structure[edit]

As of 23 December 2014, Assicurazioni Generali's largest shareholder was:[13]

13.45% Mediobanca 2.57% Cassa Depositi e Prestiti 2.43% B&D Holding di Marco 2.01% People's Bank of China 2.00% Leonardo Del Vecchio 2.00% Francesco Gaetano Caltagirone

Notable employees[edit]

Franz Kafka  worked for nearly nine months (between November 1, 1907, and July 15, 1908) at the Assicurazioni Generali office inPrague.

See also[edit]

Italy portal

Companies portal

Genertellife

References[edit]

1. ^ Jump up to:a b c d e "2013 Annual integrated report" (PDF). Generali.

2. Jump up^ "Assicurazioni Generali SpA Company Profile". Yahoo! Finance. Archived from the original on 5 March 2007. Retrieved 29 March 2007.

3. Jump up^ "Company References." Assicurazioni Generali. Retrieved on 8 July 2010.

4. Jump up^ Frankfurt Stock Exchange5. Jump up^ "Assicurazioni Generali - Global 500 2014 -

Fortune". Fortune. 2014. Retrieved 10 September 2014.6. Jump up^ "Generali will sell BMA's life insurance

operations". Kansas City Business Journal. 2002-04-30. Retrieved 11 January 2015.

7. Jump up^ Jucca, Lisa; Christian Plumb (2013-06-04). "Generali sells U.S. unit to Scor in $920 million deal". Reuters (Milan/Paris). Retrieved 11 January 2015.

8. ^ Jump up to:a b c Even-Or, Shmuel (May 1984).  ירושלים: בניינים ,Kardom .[Jerusalem: Buildings in the New City] בעיר החדשהBimonthly Journal of Information about the Land of Israel (in Hebrew): 20–23.

9. ^ Jump up to:a b בניין ג'נראלי [Generali Building] (in Hebrew). All About Jerusalem. 2014. Retrieved 3 April 2014.

10. Jump up^ Bar-Am, Aviva (19 September 2003). "Return to Bevingrad". The Jerusalem Post. Retrieved 3 April 2014. (subscription)

11. Jump up^ 2006 Annual report Banca Intesa12. Jump up^ 2004 bilancio Banca Nazionale del Lavoro (Italian)13. Jump up^ "Azionisti rilevanti di ASSICURAZIONI GENERALI

SPA". Commissione Nazionale per le Società e la Borsa. Retrieved 27 December 2014.

External links[edit]

Official website

Wikimedia Commons has

media related

toAssicurazioni Generali.

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 Euro Stoxx 50 companies of the Euro Area (Last update October 2015

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 FTSE MIB companies of Italy

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Major insurance and reinsurance companies

Categories:  Companies listed on the Borsa Italiana Insurance companies of Italy Companies established in 1831 Trieste Conglomerate companies of Italy Italian brands 1831 establishments in the Austrian Empire Companies in the Euro Stoxx 50

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