Second Largest Insurance Group in the World

Assicurazioni Generali S.p.A. was founded in 1831 and is headquartered in Trieste, Italy. In 2010, Assicurazioni Generali Group was the second largest insurance group in the world by revenue after AXA. The company was formerly known as Assicurazioni Generali AustroItaliche and changed its name to Assicurazioni Generali S.p.A. in 1848. Assicurazioni Generali provides insurance and financial products. It offers life insurance products, such as individual and group pension schemes, as well as health insurance products. The company also provides insurance products for automobile third party liability, personal injuries, industrial plants, and family protection. In addition, it offers financial and asset management services. Assicurazioni Generali provides its products in Italy, Germany, France, Spain, Austria, Switzerland, central and eastern Europe, Israel, and Asia. Present in more than 65 countries, Generali’s core businesses are involved in both personal and commercial insurance (including life, accident, health, motor, fire, marine/aviation, and reinsurance); the rest concentrate on other financial services and real estate. Generali is noted for being a leading insurer of satellite and space missions, which it has been covering since 1964. The company targets individuals and small to midsized businesses. Unipol to Change Plan for Fondiaria Rescue: Reports Italian insurer Unipol (UNPI.MI) has revised its plan to take over insurance company Fondiaria-SAI (FOSA.MI) after the market regulator indicated its initial proposal would hurt minority Gabriele Galateri di Genola Chairman, Assicurazioni Generali S.p.A. shareholders in Fondiaria, newspapers reported on Sunday. Earlier this month, Unipol agreed a four-way deal to rescue debt-laden Fondiaria, create one of the country’s biggest insurers and end the oncepowerful Ligresti family’s control of the group. Fondiaria-SAI, Italy’s biggest vehicle insurer, is 35.8 percent owned by Premafin which, in turn, is controlled by the Ligresti family. Fondiaria-SAI controls insurance company Milano Assicurazioni (ADMI.MI). Under the new plan, according to newspaper reports, Unipol will take a majority stake in Fondiaria’s parent company Premafin (PRAI.MI) by injecting up to 350 million euros ($459.62 million) into Premafin via a capital increase instead of buying the Ligresti family’s 51 percent stake in Premafin at a hefty premium. The newspapers did not reveal their sources for the new plan. “(Market regulator) Consob has imposed a change in the integration of Fondiaria and Unipol,” Italy’s