Trieste, Italy-based insurance provider Generali Group announced that the U.S. branch of its global corporate and commercial business unit has launched a new property insurance line, Tribune, which will provide property insurance for U.S. multinational corporations with operations in both the United States and abroad.
In addition, the company said it has partnered with Birmingham, Mich.-based Belfor Property Restoration to provide remediation services.
With a global capacity of up to $250 million, Tribune will be able to provide customers with the efficiencies of a centrally administered global program as well as access to local policies through regional insurance pools, Generali said during an announcement made at the RIMS 2016 conference in San Diego today.
Through the partnership with Belfor, Tribune clients will have access to the Belfor Red Alert Priority Response program, which is the loss control and mitigation service recommended for Tribune clients. Generali said it has worked with Belfor in Europe
“In an increasingly interconnected global economy, constructing a program to protect overseas assets has become more and more complex,” said Andrew Sims, senior vice president for property and construction, at Generali's global corporate and commercial unit. “Tribune was specifically designed to respond to the unique challenges of cross-border risk management for multinational corporations based in the U.S., and to avoid the pitfalls of insurance fragmentation across country lines.”
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
