The strategic option
Concerned about the effect of persistently low interest rates, AMB Generali executed a huge swaption hedge in 2005. We report on the German insurer's asset-liability management and new product strategy. Blake Evans-Pritchard reports
Located in Germany's western-most city, Aachen, AMB Generali is rather set apart from the traditional insurance hotspot of Cologne, some 65 kilometres away, although the firm is planning to relocate to the city later this year. Trieste-based Generali's involvement in the firm can be traced back to the start of the 1990s, when the Italian multi-national bought a controlling stake in the company. Previously, Allianz, Germany's largest insurer, held a quarter of AMB Generali shares through its AGF
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