Generali Italia insures Expo Milano 2015
· Generali Italia’s Global Corporate & Commercial wins the European tender for P&C policy
· Tender conducted with Aon as advisor
Milan. Through Global Corporate & Commercial, the international business unit dedicated to non-life insurance for large companies, Generali Italia has won the European tender to provide P&C insurance cover to Expo Milano 2015, the Universal Exposition, which will be held in the Lombardy capital from 1 May to 31 October next year.
Philippe Donnet, CEO of Generali Italia, said: “We are very pleased to be the insurance partner of Expo 2015, an exhibition of great international significance and one of considerable importance for Italy. Thanks to the Group’s international expertise and capacity to provide Generali Italia’s best insurance solutions, we will support Expo in all its protection needs throughout all phases of the event”.
Giuseppe Sala, CEO of Expo 2015 S.p.A., commented: “The partnership with Generali represents a guarantee for Expo Milano 2015. The insurance tools developed for the Universal Exposition will enable us to work calmly on creating and organising the event, and will be a fundamental part, during the six months of the exhibition, of bringing to life a truly extraordinary experience to the 20 million expected visitors in complete security”.
Expo 2015 S.p.A. was advised by Aon in creating and developing the solutions needed to provide insurance cover for the exhibition.
Andrea Parisi, Deputy General Manager of Aon S.p.A. and company director, said: “We have partnered Expo since March 2012 as exclusive broker after having been awarded the European tender to analyse the risks and identify the appropriate solutions mix for exhibition management. It is also thanks to this activity and the professionalism of our interdisciplinary team that the tender awarded to Generali Italia is undoubtedly an extraordinary result, both in terms of the effectiveness of the guarantees provided and the overall cost efficiency”.
The Generali Italia insurance cover
The Generali Italia policy covers property damage, to works and content, and civil liability during the construction phases, during the exhibition and for the next ten years following the creation of the work. To ensure a prompt response in the event of a claim, a multilingual help desk will be set up in the exhibition area, managed by experts from Generali Group company Europ Assistance, one of the world leaders in private care, which operates in 208 countries worldwide through 425,000 assistance centres.
Franco Franzoso, Head of Global Corporate & Commercial of Generali Italia, commented: “This result was achieved thanks to the Generali Group’s integrated approach, which leveraged the international platform of the Global Corporate & Commercial Business Unit in synergy with Europ Assistance on the one hand, and Generali Italia’s extensive experience on the Italian market on the other”.
Global Corporate & Commercial, which is part of Global Business Lines, operates through a central management team and specialised teams in individual countries. It aims to develop and offer internationally the best services and insurance solutions to large companies, using the knowledge and the experience that the Generali Group has gained worldwide, through its leadership in western and central-eastern Europe, and its consolidated presence in Latin America and Asia.
Generali Italia, the new insurance company of the Generali Group, is market leader with the largest and most diversified distribution network in Italy. It offers life and non-life insurance and pension products, tailored to the needs of the insured parties, to more than 10 million clients, including individuals, families and companies. With total premium income of approximately EUR 20 billion (70% in life and 30% in non-life), Generali Italia is the leading
life insurer and number two in non-life insurance in Italy, the Generali Group’s leading market in terms of premium income.
Expo 2015 S.p.A. is the company that organises and manages the Universal Exposition, which will be held in Milan from 1 May to 31 October 2015. Headquartered in Milan, the company is conducting the preparatory and construction work on the exhibition site and the related technological works. More than 140 countries worldwide have confirmed their presence at the exhibition, with 20 million visitors expected. Information and updates on the theme “Feeding the Planet, Energy for Life” and on the activities of Expo 2015 S.p.A. are available on the website www.expo2015.org.
Aon is world leader in insurance and re-insurance brokerage, risk management services and company consultancy for human resources management. The Group has 24 offices in Italy and more than 1,100 employees, to provide SMEs, large industrial and financial groups, public bodies and the world with tailored Affinity risk management solutions. Aon Italia is the Italian branch of Aon Plc, the parent company listed on the NYSE and headquartered in London. It is present in more than 120 countries, and has more than 66,000 employees. In 2013, the Group generated total revenues in Italy of more than EUR 174 million, and brokered premiums totalling more than EUR 2.3 billion.