The Generali Group

By radically restructuring most of its loss making non-life portfolios and tightening up its underwriting procedures, the Italian insurance group posted a pure non-life underwriting profit in 2005, the first time in six years

In terms of the growth prospects of Italian insurance group Generali’s core life and non-life businesses, 2005 pretty much confirmed trends that were already clear over the previous two years (as they no doubt were for Allianz, Axa and Aviva, the group’s counterparts in Germany, France and the UK respectively).