Professional Documents
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Generali Group
Traded as
BIT: G
Industry
Financial services
Founded
Headquarters
Trieste, Italy
Area served
Key people
Products
Revenue
Profit
Total assets
Total equity
Number of employees
Subsidiaries
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 AustroItaliche, 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]
1Operations
o
Operations[edit]
1.1Bank ownership
2Shareholder structure
3Notable employees
4See also
5References
6External links
The symbol of Assicurazioni Generali is derived from the flag of theRepublic of Venice, dissolved
byNapoleon three decades before the company was founded.
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 () ', 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
Notable employees[edit]
See also[edit]
Italy portal
Companies portal
Genertellife
References[edit]
1.
2.
3.
4.
5.
Jump up^ "Assicurazioni Generali - Global 500 2014 Fortune". Fortune. 2014. Retrieved 10 September 2014.
6.
7.
8.
9.
External links[edit]
Official website
Trieste
Italian brands
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