Generali 190: People and Stories

In 1832, Generali rent the Procuratie Vecchie building in Venice. Under the leadership of Marco Besso, the building becomes part of the Company’s real estate. Today, it has been restored and it’s ready to host the new headquarter of The Human Safety Net, the non-profit foundation of the Group. This last episode aims to celebrate the 190th anniversary of Generali, a Company especially made of people, the lions and the lionesses of today, who want to build a fairer and more sustainable future for everyone.

After the defeat of Napoleon, Italy is once again divided into many small and larger states. In this context, Generali seeks to expand, under the leadership of Masino Levi. In some states the Company is well integrated, while is frowned upon in others. But, after the Unification of Italy, the king Vittorio Emanuele II signs a decree that recognizes the Group’s right to operate in all Italian provinces.

After the fall of the Berlin Wall, globalization begins. To easily control the rapid development of technologies, Generali move their headquarter to Mogliano Veneto. The Nineties, under the chairmanship of Alfonso Desiata, were particularly lively years for the Company: in 1994 was born Genertel and in 1998 Banca Generali was created.

After the end of the Second World War, communist regimes were established in many Eastern European countries. For this reason, Generali lose all of its real estate assets in these countries and its network of branches and agencies. Thanks to the president Enrico Randone, in 1989 the Company go back to Hungary and in the following years Generali will expand in other eleven Easter European countries.

Following the footsteps of Marco Polo, Generali look with interest to the Asian market. In 1975 the Company’s first offices are opened in Hong Kong. In 1985, thanks to the President Eugenio Coppola di Canzano, the Group open its office in Tokyo, expanding across the continent in the following years. Today, Generali is present in eight Asian countries.

The last years of the 19th century are years of experimentation for the Company. In 1877, the director of the Company’s life insurance business develops with the agent W. Lazarus from Hambrug a new actuarial table called L-L, more flexible than the previous ones. In 1893, the Bollettino is launched: the oldest Italian company magazine still in print, whose purpose was to inform the employees of the events of the month linked to the Company.

In 1914, Europe lives the Belle Époque. Those are years of prosperity but, at the same time, years of precarious balances and arms races. Edmondo Richetti, previously secretary and then director of Generali, sees the war coming and points to the creation of a united Europe as the only way out. His dream doesn’t come true and on July 28th of 1914 Austria declared war on Serbia.

In 2004, Generali win the tender for the redevelopment of the parade ground that used to host the pavilions of the Milanese Fiera Campionaria. The new project, called CityLife, is dominated by the presence of three towers: the Twisted, the Straight and the Curved. The Twisted, created by the architect Zara Hadid, had been renamed Generali Tower, and has recently became the headquarter of the Company in Milan.

In 1881, Generali takes part in the Milanese EXPO and exhibits the results of its research on hail risk. At that time Marco Besso is the General Secretary of the Company. Under his chairmanship, the Group opens new bases in four continents and acquires new representative offices, as is the case in Milan, with the construction of a building in the central elliptical Cordusio square.

After the Second World War, Trieste and its province are under Allied control. Part of the Generali headquarters building is requisitioned by the British command; in its library works Biagio Marin, the minstrel of the golden island. He writes of the day and night, of the sea, of love and death. In 1954, Trieste becomes Italian again and the people pour out to celebrate in Piazza Unità d’Italia, under a Company site, Palazzo Stratti.

In 1907 a young Franz Kafka was hired at Assicurazioni Generali in Prague. The Company’s intention is using the writer in their foreign offices, but the work didn’t leave him enough time and strength to write. So in 1908 he resigned for health reason, indeed he would never leave the sector: until his retirement, he worked at the Institute for Insurance against Industrial Accidents of the Kingdom of Bohemia.

It’s the 1977 when Generali were entrusted with the insurance of the launch of the first Italian telecommunication satellite in the space. Under the chairmanship of the life senator Cesare Merzagora, the space insurance thrives and in 1989 the Company insures the flight in the Shuttle of Franco Malerba, the first Italian astronaut in history.

After 5 years of war, Generali has lost most of their business. Mario Abbiate, the first Minister of Labour in liberal Italy, is appointed to chair the Company. Under his mandate, Generali looks to America. Today, the Company is still present in the United States and in six Latin American states.

After the war, Generali decides to reinvent its image through the advertisment. The Company turns to Marcello Dudovich, a Triestine master. His modern posters always represents a slim and dark-haired woman, his muse for life, his wife, the Venetian girl.

Generali celebrates its 100th anniversary, solid and strong under the chairmanship of Edgardo Morpurgo. In 1938, due to the introduction of the racial laws, the Company is the target of a hard anti-semitic campaign and Morpurgo resigns. But, Generali’s solidarity towards its employees emerges in this occasion and would never fail.

In 1963 in Paris, an entrepreneur from Le Mans, Pierre Desnos, creates Europ Assistance, with the help of La Concorde, a French company linked to Generali. The new company is specialized in providing assistance to anyone in a difficult situation away from home by operating both in Europe and in the rest of the world.

In 1848 the Republic of San Marco has been proclaimed and Isacco Pesaro Maurogonato, future Director of Generali, becomes its Minister of Finance. In order to counter the popular effervescence, the Trieste management of Generali proposes to reduce the name of the Company to “Assicurazioni Generali”. In the same year, once the Hasburg are back in power, the Venetian management replaces the two-headed eagle with the Lion of St Mark: they would never go back.

In 1851, the Assicurazioni Generali, under the impulse of the new secretary of the Venetian management, Daniele Francesconi, purchase the Ca’ Corniani estate. Thanks to the reclaman of the territory, a still-existing prosperous community was born and thrives around the holding.

Pasquale Revoltella, Director of Generali, understands the need to open a shortcut between East and West. Therefore, in 1859, he gives the first pick stroke to open the future Suez Canal, establishing the cosmopolitan vision of the Company.

The Austrians come back to Trieste after the defeat of Napoleon and the insurance companies flourish again. In 1831, Giuseppe Lazzaro Morpurgo establishes the Assicurazioni Generali Austro-Italiche: a Company aimed to the Italians and to the Empire, such as demonstrated by the two main headquarters, Venezia and Palazzo Carciotti, in Trieste.