Generali World Company & Business has appointed various threat switch and capital options govt Michele Pignoli as its new World Head of Parametric Merchandise & Options.
The corporate stated that his appointment “underscores GC&C’s dedication to delivering superior parametric options that meet the evolving wants of our purchasers and companions.”
Pignoli has labored within the insurance coverage and reinsurance business since 2014, when he joined Munich Re in 2014 as a reinsurance accountant for monetary dangers.
He grew to become a supervisor of analytics throughout the Munich Re Capital Companions group in 2016, changing into the Senior Monetary Controller for the reinsurer’s Digital Companions and Capital Companions items in 2019.
Pignoli left Munich Re in 2020 and joined Allianz World Company & Specialty (AGCS), the place he grew to become a Senior World Observe Chief for Different Danger Switch & Capital Options.
In January 2022, he joined Generali managing initiatives inside its Capital Options division.
Then, in 2023, Pignoli grew to become Generali’s Head of Group Insurance coverage Capital Options.
Now, he has turn out to be the World Head of Parametric Merchandise & Options on the insurer’s Generali World Company & Business division.
The corporate sees it as a “pivotal function” and it’s an additional formalisation of the Generali parametric threat switch urge for food, which has been constructing over time.
Recall that Generali established a partnership with parametric specialist Descartes Underwriting in 2020, because the pair regarded to develop new parametric insurance coverage options to actively reply to an evolving international threat panorama.
