Generali World Company & Industrial (GC&C) has named Michele Pignoli as Head of a newly established unit targeted on Various Danger Switch (ART) and Parametric insurance coverage options, as the corporate units its sights on scaling up this section underneath its new 2025–2027 Subsequent Degree strategic plan.
The formation of the devoted unit, now led by Pignoli, underscores the agency’s ambition to combine each conventional and non-traditional danger switch approaches right into a extra agile and client-centric providing.
Pignoli has over 10 years of insurance coverage and reinsurance trade expertise, having most just lately served because the World Head of Parametric Merchandise & Options at GC&C.
Previous to this, he was Head of Group Insurance coverage Capital Options at Generali, the place he specialised in insurance-linked securities (ILS) and ART.
Earlier than he joined Generali, Pignoli served because the Senior World Apply Chief for Various Danger Switch & Capital Options at Allianz World Company & Specialty (AGCS).
Then, earlier than he joined AGCS, Pignoli spent a number of years working at reinsurer Munich Re.
He joined the agency in 2014 as a reinsurance accountant for monetary dangers, after which went on to develop into a supervisor of analytics throughout the Munich Re Capital Companions crew in 2016, after which ultimately grew to become the Senior Monetary Controller for the reinsurer’s Digital Companions and Capital Companions items in 2019.
Commenting on his new function, Pignoli mentioned: “The institution of a devoted and structured unit for Various Danger Switch options, together with Parametrics, totally aligned with our imaginative and prescient of excellence and innovation, underscores our unwavering dedication to enhancing our shopper servicing.
“By integrating each conventional and non-traditional options, we goal to additional elevate our steadfast client-centric strategy and our dedication to being Lifetime Companions.”
The ART and Parametrics enlargement is only one of a number of strategic pillars inside GC&C’s Subsequent Degree plan.
The broader Subsequent Degree plan builds on the sturdy efficiency of the 2022–2024 three-year cycle, wherein GC&C delivered greater than €2.9 billion in GWP and elevated profitability. It additionally aligns with the Generali Group’s overarching “Lifetime Associate 27: Driving Excellence” technique.
Alongside the ART and Parametrics push, the plan contains priorities reminiscent of advancing underwriting analytics, boosting the Captive and Multinational Applications providing, increasing cyber and specialty strains, and enhancing GC&C’s presence in markets together with Germany, Iberia, Latin America, and Asia.
Sustainability continues to be a key driver, with the enterprise embedding local weather adaptation and mitigation measures all through its operations and product innovation.
