Despite the current economic downturn in Italy, the penninsula’s biggest insurer, Generali, continues to go from strength to strength, with 2018’s performance exceeding all expectations.
Year took up current function: 2016
Turnover in 2018: $12.3bn
Growth in 2018: 4.3%
Turnover was up 3% and net results climbed 4% to $2.5 billion. The Trieste-headquartered company’s current CEO is Frenchman Philippe Donnet. Instilling a policy of rapid buying and selling of non-strategic assets, the 59 year old has put the finances of the firm on fine footing. Maximising the potential of international operations, digitalisation, streamlining and modernisation of activities… the Paris born CEO has done all in his power to boost growth. And he has not stopped there. Generali’s 2019-2021 action plan aims to increase asset management activity by between 15% to 20%.