Assicurazioni Generali

Generali Group is the largest insurance company in Italy and third in the world.^[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 and 43rd on MITs worldwide "Smartest Companies" ranking in 2015.^[5]

Operations

The symbol of Assicurazioni Generali is derived from the flag of the Republic of Venice, dissolved by Napoleon three decades before the company was founded.

Original metal plaque with raised gilt signature and Lion of Saint Mark, 1924-1940.

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, 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.^[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. It provides both life and property/casualty insurance. The Life business is known as Future Generali India Life Insurance Company Limited.^[11]

Main Subsidiaries of the group includes, in Italy: Genertellife, Alleanza Assicurazioni, Generali Italia and Banca Generali.

In France: Europ Assistance

Bank ownership

Assicurazioni Generali was an active owner of Italian banks, such as Banca Intesa (7.54% direct and indirect ownership^[12]) and Banca Nazionale del Lavoro (8.71980% in 2004^[13]) as minority owner. Both banks are no longer held by Generali Group.

Banca Generali is the subsidiary of Assicurazioni Generali.

Shareholder structure

As of June 2016, Assicurazioni Generali's largest shareholders were:^[14]

• 13.46% Mediobanca S.p.A.
• 3.00% Caltagirone (Francesco Gaetano)
• 2.01% Government of People's Republic of China
• 2.00% del Vecchio (Leonardo)
• 1.60% The Vanguard Group, Inc.
• 0.95% Norges Bank Investment Management (NBIM)
• 0.93% BlackRock Institutional Trust Company, N.A.
• 0.76% BlackRock Advisors (UK) Limited
• 0.62% Lyxor Asset Management
• 0.44% Amundi Asset Management
• 0.37% BlackRock Asset Management Deutschland AG
• 0.34% JPMorgan Asset Management U.K. Limited
• 0.30% NNIP Advisors B.V.
• 0.29% Franklin Mutual Advisers, LLC
• 0.27% Fideuram Investimenti SGR S.p.A.
• 0.23% TIAA Global Asset Management
• 0.21% Rothschild et Cie Gestion

Notable employees

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

France national team

Sponser

Generali is sponser France National Volleyball Team. Generali sponsor of the French Federation of Volleyball for 19 years, launched the Responsible Sports Charter in 2010, coherently with the Group guidelines, to actively promote the culture of sustainability in the sporting arena.

References

External links

• Official website

Wikimedia Commons has media related to Assicurazioni Generali.

Euro Stoxx 50 companies of the Euro Area (Last update October 2015)
Air Liquide Airbus Group Allianz Anheuser-Busch InBev ASML Holding Assicurazioni Generali AXA Banco Bilbao Vizcaya Argentaria Banco Santander BASF Bayer BMW BNP Paribas Carrefour Saint-Gobain Daimler AG Deutsche Bank Deutsche Post Deutsche Telekom Enel Engie SA Eni E.ON Essilor International Fresenius SE Groupe Danone Iberdrola Inditex ING Group NV Intesa Sanpaolo L'Oréal LVMH Moët Hennessy Louis Vuitton Münchener Rückversicherungs-Gesellschaft Nokia Orange S.A. Philips Electronics SAFRAN Sanofi SAP SE Schneider Electric Siemens Société Générale SA Telefonica Total S.A. Unibail-Rodamco UniCredit Unilever Vinci SA Vivendi Volkswagen Group

Insurance companies of Italy
Italian insurance companies	Assicurazioni Generali Generali Italia Alleanza Assicurazioni Genertellife Unipol UnipolSai Linear Assicurazioni Linear Life UniSalute Arca Vita Popolare Vita Cattolica Assicurazioni BCC Assicurazioni BCC Vita Lombarda Vita FATA Assicurazioni Danni TUA Assicurazioni Vittoria Assicurazioni Assimoco Eurovita Assicurazioni Ri-Fin Global Assistance
Italian banks with insurance subsidiaries	Intesa Sanpaolo Intesa Sanpaolo Vita Poste italiane Poste Vita and Poste Assicura Banca Mediolanum Banca Popolare di Vicenza ABC Assicura Berica Vita Cattolica Life Credito Emiliano Credemvita Banca Sella Group CBA Vita
Italian banks with insurance joint ventures	Banco Popolare Popolare Vita ICCREA Banca BCC Assicurazioni BCC Vita
Italian banks with foreign insurance joint ventures	UniCredit CNP UniCredit Vita CreditRas Vita CreditRas Assicurazioni Aviva S.p.A. Banca Monte dei Paschi di Siena AXA MPS Assicurazioni Danni AXA MPS Assicurazioni Vita Credito Emiliano Credemassicurazioni Banca Sella Group InChiaro Banco Popolare Aviva Assicurazioni Vita Avipop Vita
foreign companies with Italian insurance subsidiaries	Allianz BNP Paribas Reale Group Reale Mutua Assicurazioni Crédit Agricole Crédit Agricole Vita Aviva Aviva Italia Holding AXA Groupama Old Mutual Old Mutual Wealth Italy Covéa Bipiemme Vita Zurich Insurance Zurich Investment Life Talanx HDI Assicurazioni Apollo Global Management Carige Vita Nuova Carige Assicurazioni
related topics	Italian Insurance Supervisory Authority