Company type | Subsidiary |
---|---|
Industry | Financial services |
Founded | 1898 |
Founders |
|
Headquarters | Milan, Italy |
Key people |
|
Products | Insurance |
Parent | Generali Italia |
Website | alleanza.it |
Alleanza Assicurazioni is an Italian insurance company based in Milan. It was founded in Genoa in 1898. The company is particularly active in the life insurance sector. Since 1934 it has been part of the Generali Group and it has been part of Generali Italia since 2013.
In the 1870s Evan George Mackenzie had opened an insurance agency in Genoa which represented some important French, British and Austrian companies. The agency was enormously successful: eighty employees worked there and it was the largest insurance agency in Italy. [1]
On 12 October 1898, Mackenzie together with Giacomo Castelbolognesi, Enrico Rava and Giuseppe Corradi founded Alleanza Assicurazioni. [2] The company has a nominal capital of fifteen million and the paid-up capital of one and a half million lire, and operates in all insurance fields. It is the second most important insurance company in Genoa, [3] the city from which it inherits its symbol: St. George killing the dragon.
In the first decade of the twentieth century, Alleanza already had 345 agencies, almost all in Italy, but some also in Greece, Turkey, Tunisia, Tripolitania, Malta and Spain. [4]
From the beginning the life branch had represented the main area of the company but in 1912 the Giolitti government with law 305 proceeded to the nationalization of life insurance and, like all companies active in the sector, Alleanza Assicurazioni was also forced to sell the branch life to INA. [4] This represented a serious damage to the company.
The decree of 29 April 1923 reintroduced competition for life insurance and in 1924 Mackenzie decided to reorganize the company, which would operate exclusively in the life sector. In this new framework, the general management was transferred to Milan. The restructuring gave excellent results: thirty-three agencies were reopened and premium income increased by 36%. [4]
Alleanza was controlled with a stake of around 50.4% by Assicurazioni Generali between 1933 [5] and June 2009, when Generali announced plans to acquire the remainder of its shares. [6] In February 2009, the merger by incorporation of Alleanza into Generali together with Toro Assicurazioni began with the consequent transfer of the insurance activities of Alleanza and Toro to a new company wholly owned by Generali and called Alleanza Toro S.p.A. [7] The merger was completed on 1 October. [8]
With effect from 31 December 2013, Alleanza Assicurazioni became a separate brand from Toro Assicurazioni and resumed its role in the life business, maintaining the non-life business acquired and strengthened by the previous merger with Toro.
Leading Alleanza since 6 October 2014 is Davide Passero, previously CEO of Genertel and Genertellife, while the president is Andrea Mencattini. [9] Under the management of Passero, Alleanza completed the digitization of the distribution network in 2017 and achieved marked growth in financial results (9%). [10] [11]
In May 2024, the merger by incorporation of Genertellife into Alleanza Assicurazioni was announced, with the operation expected to be completed in 2025. [12]
Alleanza, as of December 31, 2022, has: [13] [14]
Banca Intesa S.p.A. was an Italian banking group, formed in 1998 by merger of Cassa di Risparmio delle Provincie Lombarde (Cariplo) and Banco Ambrosiano Veneto. The next year, the banking group merged with Banca Commerciale Italiana to become IntesaBCi, but the name of the group was reverted to Banca Intesa in 2003.
Capitalia was an Italian banking group headquartered in Rome, in existence between 2002 and 2008. The bank was a listed company in Borsa Italiana. The bank was acquired by UniCredit by issuing new shares of UniCredit for shares of Capitalia.
Assicurazioni Generali S.p.A. or commonly known as Generali Group is an Italian insurance company based in Trieste. As of 2022, it is the largest insurance company in Italy and ranks among the world's largest insurance companies by net premiums and assets.
Unipol Gruppo S.p.A. is an Italian financial services holding company operating in the insurance and banking fields with headquarters in the Unipol Tower, Bologna. As of 2009 it was ranked as the country's fourth-largest insurer.
Ornella Barra is an Italian-born Monegasque businesswoman. A qualified pharmacist, she is chief operating officer, international of Walgreens Boots Alliance. She is married to the Italian billionaire Stefano Pessina.
Banca Sella Holding S.p.A. is an Italian holding company for the Banca Sella Group. The main company of the group was Banca Sella S.p.A., an Italian bank based in Biella, Piedmont.
Banca Carige S.p.A., historically known as Cassa di Risparmio di Genova e Imperia (Ca.Ri.Ge.) was an Italian bank based in Genoa, with more than 500 bank branches in Italy, prior to its acquisition by BPER Banca in February 2022. The predecessor of the bank, a mount of piety, was founded in 1483 in Genoa, the Republic of Genoa. Banca Carige and its subsidiaries were known as Banca Carige Group. The banking group was one of the large banking groups in Italy, and as such, was supervised by the European Central Bank. In 2017, the banking group had 529 branches throughout Italy, with one branch in Nice, France, about 37.2% of branches were located in the home region Liguria. In November 2022, Banca Carige was fully incorporated into BPER Banca and ceased to exist as a separate entity.
Genertellife is an Italian insurance company based in Mogliano Veneto, Italy. It is the extension of the non-life insurance provider Genertel. Part of the Generali Group since its foundation, from 2013 Genertellife has been headed by Generali Italia.
The Generali Building is a landmark office and commercial building on Jaffa Road in West Jerusalem. Designed by Marcello Piacentini, chief architect of the Italian Fascist regime, it served as the Jerusalem branch of the Assicurazioni Generali insurance company from 1935 to 1946. In 1946 the British Mandatory government nationalized the building and enclosed it and several other structures at the eastern end of Jaffa Road in a fortified security zone. With the end of the Mandatory government in 1948, the building was taken by the Irgun. Since the establishment of the state, the Generali Building has housed the offices of the Jerusalem District Administration and other government agencies, and street-level stores. The building's neoclassical and modern architecture, and large, rooftop sculpture of a Lion of Saint Mark have made it a prominent landmark in downtown Jerusalem.
Alleanza Securitas Esperia, also known as Allsecures, was an Italian insurance company. It was formed in Rome in 1933 by a merger of Alleanza & Unione Mediterranea with Securitas Esperia, a part of the Assicurazioni Generali group. In 1965 it was the thirtieth Italian insurance company by total insurance premiums. It was merged into the Axa group in 1998.
Genoa is a city in and the capital of the Italian region of Liguria, and the sixth-largest city in Italy. In 2023, 558,745 people lived within the city's administrative limits. While its metropolitan city has 813,626 inhabitants, more than 1.5 million people live in the wider metropolitan area stretching along the Italian Riviera.
Società Cattolica di Assicurazione – Società Cooperativa known as Cattolica Assicurazioni is an Italian insurance company.
Generali Italia S.p.A. or simply Generali is an Italian insurance company based in Mogliano Veneto, which is a subsidiary of Generali Group. Alleanza Assicurazioni, Cattolica Assicurazioni, DAS, Genertel and Genertellife, Generali Welion, Generali Jeniot and Leone Alato are headed by Generali Italia.
INA Assitalia was an Italian insurance company, operating on the Italian market from 1912 to 2013. In the last years it belonged to the Assicurazioni Generali group.
Philippe Donnet is a French business executive with Italian citizenship and has been the CEO of Assicurazioni Generali since March 2016.
Roberto Pontremoli is an Italian insurance executive. From 1993 to 1999, he was CEO of the Istituto Nazionale delle Assicurazioni (INA), and in 1994, founded the Rotary International club of Milan.
Lloyd Italico, Compagnia di assicurazioni e riassicurazioni known as Lloyd Italico was an Italian insurance company. It was specialized in maritime insurance. In 2006, the company was acquired by Assicurazioni Generali and maintained its brand until 2016.
Genertel is an Italian insurance company based in Trieste, Italy. It's the first online insurance company in Italy.
Part of the Generali Group since its foundation, from 2013 Genertel has been headed by Generali Italia.
The Genoa Stock Exchange was one of the ten Italian stock exchanges active until 1997, when they were unified into the Italian Stock Exchange.
The Villa del Principe, Palazzo del Principe, or Palace of Andrea Doria in Fassolo is one of the main historical suburban villas of Genoa, Italy. It was built in the 16th century in an area that it is now located in the city center, but at the time of the construction of the villa was just outside of the city walls towards Capo di Faro and the Lanterna.