Assicurazioni Generali S.P.A.* Italy's ASSICURAZIONI GENERALI Assicurazioni Generali S.P.A. is the largest insurance company of Italy.[1] It is headquartered in Trieste. Under the name of Imperial Regia Privilegiata Compagnia di Assicurazioni Generali Austro-Italiche, the company was founded on December 26, 1831. S.P.A. has named its first-ever chief financial officer as part of a recent update to its three-year strategic plan that also involves restructuring in its key Italian and German markets. [ILLUSTRATION OMITTED] The multiline insurer appointed RAFFAELE AGRUSTI as CFO--the company's first in its 176-year history. Agrusti, who had been general manager, will report directly to GIOVANNI PERISSINOTTO, one of Generali's two co-chief executives. Agrusti's responsibilities will include consolidated and parent company reporting; planning and control; enterprise risk management; finance; real estate; legal affairs; fiscal affairs; and investor relations Investor relations The process by which the corporation communicates with its investors. . Generali also named two "heads of regions," reporting to co-CEO SERGIO BALBINOT. VALTER TREVISANI will coordinate Germany, Austria, Central Eastern Europe Eastern Europe The countries of eastern Europe, especially those that were allied with the USSR in the Warsaw Pact, which was established in 1955 and dissolved in 1991. and Asia and provide technical control for life, nonlife and reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. . MEL (Maya Embedded Language) See Maya. Mel - The story of Mel CARVILL will coordinate group operations in Western Europe, the Americas and the Middle East. He will also coordinate the research and corporate development office and international regulatory affairs. In addition, Carvill will be responsible for mergers and acquisitions, reporting to Perissinotto. Also part of the three-year strategic plan, which runs through 2009, are restructurings in Germany and Italy. Generali created two new positions for the Italian unit. The first, a chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. to oversee operations including claims settlement and information technology, remains open. The second post, head of insurance development, will coordinate market operations of the Italian business units. DANILO IGNAZZI was named to this position. |
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