Generali World Company & Industrial has appointed various danger switch and capital options govt Michele Pignoli as its new World Head of Parametric Merchandise & Options.
The corporate mentioned 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 turned a supervisor of analytics throughout the Munich Re Capital Companions staff in 2016, turning into the Senior Monetary Controller for the reinsurer’s Digital Companions and Capital Companions models in 2019.
Pignoli left Munich Re in 2020 and joined Allianz World Company & Specialty (AGCS), the place he turned a Senior World Follow Chief for Various Danger Switch & Capital Options.
In January 2022, he joined Generali managing tasks inside its Capital Options division.
Then, in 2023, Pignoli turned Generali’s Head of Group Insurance coverage Capital Options.
Now, he has grow to be the World Head of Parametric Merchandise & Options on the insurer’s Generali World Company & Industrial division.
The corporate sees it as a “pivotal position” and it’s an extra formalisation of the Generali parametric danger 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 appeared to develop new parametric insurance coverage options to actively reply to an evolving world danger panorama.
