Perils AG, an insurance industry initiative which aims to improve the availability of catastrophe insurance market data, has released a loss index suggesting that the latest US$63.25 million (EUR 50 million) reinsurance transaction between Allianz Risk Transfer and Munich Re, for coverage of European wind risk, has contributed to the US$250 million (EUR 198 million) total placements of insurance transactions during the first six months of 2010. The deal between Allianz Risk Transfer and Munich RE was brokered by Willis Re, a leading reinsurance broker.

Generali China Life Insurance Co. Ltd. is leading the pack of foreign-funded life insurance companies in China, after ranking no.1 for five consecutive months from the end of 2009 to April 2010. Generali China Life Insurance Co. Ltd. is a joint-venture company; 50 percent owned by Assicurazioni Generali S.p.A. (Generali) and the other 50 percent owned by China National Petroleum Corporation…

Future Generali India Life Insurance has unveiled two new products which are ready to go on sale in India in the near future; a Net Asset Value (NAV) unit linked insurance plan, Future Generali NAV Assure, and health plus term life insurance plans. Future Generali's new Net Asset Value (NAV) unit linked plan, Generali NAV Assure, is set up to maximize the growth potential of the policy while…

Barclays plc has reportedly initiated round table talks over selling half of its French life insurance business, Barclays Vie, according to French Daily La Tribune. The sale price of the 50% stake in Barclays French life insurance division is currently being valued at around EUR 65 million (USD 78 million). A number of European insurers are said to have expressed interest in buying the stake, including:…

The third largest insurer in Europe, Assicurazioni Generali SpA of Italy, has expressed interest in acquiring part of the Asian operations of American International Group (AIG), should the latter opt for selling units rather than pursuing an initial public offer for AIA Group Ltd, the current holding company in control of all Asian businesses.

Citing a strong recovery in investment performance along with growth in its life insurance segment, the Italian Generali Group reported a 52.1% rise in 2009 net profit, which amounted to EUR 1.31 billion (US$1.783 billion) compared to EUR 861 million (US$1.172 billion) in 2008.