Generali Global Corporate & Commercial (GC&C) has named Michele Pignoli as Head of a newly established unit focused on Alternative Risk Transfer (ART) and Parametric insurance solutions, as the company sets its sights on scaling up this segment under its new 2025–2027 Next Level strategic plan.
Scaling up the product offering in ART and Parametrics is central to GC&C’s new roadmap, which focuses on driving technical excellence, enhancing client service, and delivering innovative risk transfer solutions.
The formation of the dedicated unit, now led by Pignoli, underscores the firm’s ambition to integrate both traditional and non-traditional risk transfer approaches into a more agile and client-centric offering.
Pignoli has over 10 years of insurance and reinsurance industry experience, having most recently served as the Global Head of Parametric Products & Solutions at GC&C.
Prior to this, he was Head of Group Insurance Capital Solutions at Generali, where he specialised in insurance-linked securities (ILS) and ART.
Before he joined Generali, Pignoli served as the Senior Global Practice Leader for Alternative Risk Transfer & Capital Solutions at Allianz Global Corporate & Specialty (AGCS).
Then, before he joined AGCS, Pignoli spent several years working at reinsurer Munich Re.
He joined the firm in 2014 as a reinsurance accountant for financial risks, and then went on to become a manager of analytics within the Munich Re Capital Partners team in 2016, and then eventually became the Senior Financial Controller for the reinsurer’s Digital Partners and Capital Partners units in 2019.
Commenting on his new role, Pignoli said: “The establishment of a dedicated and structured unit for Alternative Risk Transfer solutions, including Parametrics, fully aligned with our vision of excellence and innovation, underscores our unwavering commitment to enhancing our client servicing.
“By integrating both traditional and non-traditional solutions, we aim to further elevate our steadfast client-centric approach and our dedication to being Lifetime Partners.”
The ART and Parametrics expansion is just one of several strategic pillars within GC&C’s Next Level plan.
The broader Next Level plan builds on the strong performance of the 2022–2024 three-year cycle, in which GC&C delivered more than €2.9 billion in GWP and increased profitability. It also aligns with the Generali Group’s overarching “Lifetime Partner 27: Driving Excellence” strategy.
Alongside the ART and Parametrics push, the plan includes priorities such as advancing underwriting analytics, boosting the Captive and Multinational Programs offering, expanding cyber and specialty lines, and enhancing GC&C’s presence in markets including Germany, Iberia, Latin America, and Asia.
Sustainability continues to be a key driver, with the business embedding climate adaptation and mitigation measures throughout its operations and product innovation.
