Assicurazioni Generali has launched a new branch in Luxembourg focused on the employee benefits (EB) sector.
The move is part of a strategy by Generali’s parent company, Generali Group, to consolidate its leadership in the EB sector.
The new branch will operate as the Group’s reinsurance operation and will help it consolidate its global position in the multinational corporate segment and accelerate its expansion in the international middle market segment.
Additionally, it will aid the Group in launching new initiatives in the fields of health and wellness, business travel assistance, voluntary EB, and pensions.
Generali Global Business Lines and International CEO, Frederic de Courtois, said the launch of the new branch was another important step towards strengthening the Group’s standing in the EB market.
He added: “We will be more effective in facing the challenges posed by the market and we will reinforce our capacity to serve our clients.”
Sergio di Caro, CEO at Generali EB, stated: “The opening of the new branch of Generali in Luxembourg, solely dedicated to EB, highlights the strategic importance of this line of business for the Group.”
“This forms part of a wider development plan aiming at strengthening our leading position in the international EB market and improving the service to our customers.”
Ludovic Bayard, general manager at Generali’s Luxembourg branch, commented: “With this new reinsurance branch dedicated to the EB business, Generali will be able to accelerate its growth and expand its lines of business with reinforced agility.”
“We are committed to further enhancing our range of products & services towards our global customers to meet all their needs and expectations.”
