Generali: Crisis will encourage insurers to seek profit

The losses insurers are posting will become unsustainable as shareholders will no longer be able to pump tens of million euros to cover them and small firms are likely to experience the biggest problems, states Generali's new CEO, Marie Kovarova.

The financial crisis will put pressure on insurance companies to make a profit because shareholders will no longer be able to pump in money as in the past, she says. During the last two years, the insurance market has registered net losses worth 76m euros, and companies' shareholders have brought tens of million euros from home for capital increased, without exactly knowing when they can recoup these sums.

Ziarul Financiar