Generali Global Corporate & Commercial (GC&C) has announced the appointment of Nicholas Selff as head of underwriting for its Asia region, with the role effective from Nov. 18.
Selff (pictured) has over 15 years of experience in property and casualty insurance and has held various leadership positions in the Asia-Pacific region.
Axel Roesner, head of GC&C Asia, emphasised Selff’s role in advancing the company’s regional business.
“His expertise will be instrumental in advancing our business throughout Asia, addressing our clients’ needs with bespoke solutions and top-tier risk advisory services. Nick will spearhead our initiatives for profitable growth, technical excellence, and risk engineering across all business lines and markets. I am confident that his addition will significantly enhance our strategy for growth and innovation,” he said.
Selff’s previous position was head of property and casualty at Chubb in Malaysia. He has also held senior leadership roles at Chubb in Singapore.
Commenting on his appointment, Selff said it was an opportunity to contribute to the team’s growth and Generali’s vision for expanding its presence across the region.
“GC&C’s commitment to innovation and delivering outstanding value to clients and broking partners is well known in the market, so it is exciting to become part of a strong team to support Generali’s continued expansion of GC&C’s market footprint throughout this region,” he said.
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The leadership appointment comes after Generali Group reported an 18.1% increase in gross written premiums for the first nine months of 2024, reaching €70.7 billion.
The growth was driven by contributions from both the life insurance and P&C segments, according to the company’s financial results.
The group’s operating result rose 7.9% year-on-year to €5.4 billion, supported by improvements in life, P&C, and asset and wealth management operations.
In the life segment, the operating result climbed 8.9% to €3 billion, with net inflows of €6.8 billion. These gains were attributed to the performance of protection and unit-linked products, which align with the company’s strategic objectives.
Generali also highlighted a 1.8% increase in new business value (NBV), which reached €1.8 billion.
In its P&C segment, gross premiums grew by 9.8% to €25.1 billion. The combined ratio, a key measure of profitability, improved to 94%, reflecting a 0.3 percentage-point reduction. Operating profit for the segment increased by 2.5% to €2.2 billion.
The asset and wealth management division saw its operating result rise by 20.1%, reaching €837 million. This was driven in part by gains from Banca Generali and the inclusion of Conning Holdings Limited.
