LATEST UPDATE - 07 MAY 2020
First and foremost, we hope you and your loved ones are in good health in this unprecedented situation.
Clearly this pandemic has impacted the way we as communities and organizations live, work, think and, more relevant to our business, the way we invest. Even now that finally we see the light at the end of the tunnel, some transformations and key changes will stay with us for the months to come.
We would like to update you on all the actions we, as Generali Group and as Generali Investments, Asset & Wealth Management Business Unit, have implemented so far and will implement post lockdown. The priority, as always, is to safeguard the health and safety of our colleagues and their families, and, at the same time, ensure the continuity of our business operations to serve your needs. We are an international player with strong global roots, attentive to capturing changes worldwide, but our focus has been and will always be to stand by the people at all levels: our clients, our colleagues and our community.
As mentioned in the past, at Generali, we can leverage on large and global past investments in IT and digital infrastructures, innovation and smart working set up ensuring business continuity and allowing our colleagues to remain safe and healthy in such a complex situation.
Furthermore, we committed ourselves to keep you, our clients, updated on a regular basis sharing information, markets and investments insights. Indeed, for this purpose we set up a continuous communication flow via webinars, newsletters, mails, videos, and dedicated sections on our websites and social media channels.
As one of the major financial institutions in the world, we believe that it is our responsibility not only to protect our employees and our clients but also to support our communities to contain the virus spreading and to foster recovery, confirming our mission in being Life-Time Partner. Indeed, we are working on solutions to support recovery and leverage on opportunities that lie ahead of us and we are very pleased to share with you some concrete examples.
At Group level, Generali created the Extraordinary International Fund of €100 million dedicated to the fight against the Covid-19 emergency on an international level and in particular in the countries where Generali operates. The fund has already offered immediate assistance to local hospitals and support to the economic recovery efforts in the countries affected. For example in Italy, we donated €30 million to the Italian Civil Protection and offered support to hospitals with ventilators; in France, we are part of the €200 million Insurance Federation contribution to the solidarity fund and in Germany we established a €30 million emergency fund to support German customers and business partners.
On top of this, our Business Unit Investments, Asset & Wealth Management has started other initiatives to help our community such as offering our vacant real estate properties and hotels in Milan and in Paris to host doctors, nurses and quarantined people who need temporary accommodation and providing support offering new credit solutions to SMEs and self-employed workers.
As we are fully aware of our systemic relevance, we are committed to play an active part when it comes to support a sustainable long-term recovery. That is why we are currently developing new product solutions to invest in local companies affected by this crisis in various countries and we are on the front line in the infrastructure investments that play a key role in the recovery phase on international scale.
However, this financial crisis will also present some opportunities and thanks to our capabilities and expertise, we can benefit from them. Our multi-boutique platform and sound investment skills in traditional, alternative and real assets will enable us to overcome great uncertainty and extreme volatility and deliver long-term capital preservation and growth for you, our clients.
During our 189 years history we have been through various crises including two World Wars and pandemics and we trust that together we will overcome also this one, and as always, we are here to support you.
Please take care of yourselves and of your loved ones and stay safe.
Francesco Martorana, CEO Generali Insurance Asset Management
Carlo Trabattoni, CEO Generali Investments Partners
LETTER FROM THE CEOs -
18 MARCH 2020
We would like to keep you updated on all the actions we are taking to safeguard the health and safety of our employees and their families, and, at the same time, ensure we continue to operate our business and serve your needs.
LETTER FROM THE CEOs -
02 MARCH 2020
In light of the recent global outbreak of Coronavirus (“COVID-19”), we want to share with you our plan to safeguard our employees and our business, while continuing honouring the fiduciary duty you have entrusted with us.