Generali's Catastrophe Losses Already Exceeded 2023 Budget, CFO Says
19 Ottobre 2023 - 7:22PM
Dow Jones News
By Adria Calatayud
Assicurazioni Generali's losses from natural catastrophes have
already exceeded what the insurer had budgeted for 2023 as a whole,
Chief Financial Officer Cristiano Borean said Thursday.
The Italian insurer recorded around 840 million euros ($885.2
million) of losses from natural catastrophes net of reinsurance at
the end of September, Borean said at an event in Munich.
Natural catastrophes have become more frequent and impactful,
Borean said.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
October 19, 2023 13:07 ET (17:07 GMT)
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