Generali Deutschland sets up €30 mln emergency fund to support customers and business partners hit by Covid-19 in Germany
The initiative falls under the framework of the Generali Group’s Extraordinary International Fund
Generali Deutschland AG is going to establish a €30 million emergency fund to support German customers, business partners and other stakeholders facing a severe impact from the Covid-19 pandemic. The fund will support concrete initiatives to be evaluated in the next weeks. A specific focus will be given to small enterprises and young business partners.
The fund falls under the framework of the Extraordinary International Fund created by the Generali Group to fight the Covid-19 impact.
Giovanni Liverani, CEO of Generali Deutschland, said: “Generali is a Life-Time Partner to many of its customers and stakeholders. Even more in these challenging times, we want to transform these words into a concrete help so that no one in need is left behind. Within the framework of our global initiatives we want to provide our German customers – focusing on small enterprises such as restaurants, hotels and other businesses – as well as our young business partners impacted by the lock-down measures, with an extraordinary financial support, thereby contributing to their sustainability and to the well-being of their communities.”
The Generali Group announced on March 13 an Extraordinary International Fund consisting in a €100 million pool aimed at offering immediate assistance to those impacted by the Covid-19 emergency and supporting the recovery in the countries where the Group operates. Since the outset of the Covid-19 global crisis, the Generali Group has taken decisive steps to assist its stakeholders in mitigating risks and impacts.