DWS Group and Generali Group have agreed to expand their existing cooperation on unit-linked products. The two Groups will further strengthen their relationship globally, making DWS one of the insurance group’s selected asset managers eligible for being selected by Generali’s subsidiaries in key European markets.
The agreement follows a selection process run by Assicurazioni Generali S.p.A. through its business unit Asset, Wealth and Investment Management to select a limited number of asset managers to partner with on specific solutions. This collaboration is fully in line with the implementation of the Generali Group asset management strategy, announced in May 2017.
“Expanding our relationship with one of the biggest insurance companies in the world is an important milestone for us as we further develop our already sizeable insurance business, especially in the unit-linked space,” said Thorsten Michalik, Co-Head of DWS Group’s Global Coverage Group. “With Generali we have found the right partner to build on our leading market position in unit-linked products throughout Europe.”
“The partnership with DWS is a crucial step in reshaping unit-linked portfolios with selected high-quality providers, with the aim to strengthen the performance of the unit-linked solutions and enhance the quality of services provided to our customers.” said Bruno Guiot, Head of Group Individual Savings Solutions at Assicurazioni Generali S.p.A..
As per the agreement, the two companies will work to strengthen their cooperation efforts in providing unit-linked solutions in France, Switzerland, Italy and Germany as well as potentially in other countries.
DWS ranks fourth globally among insurance asset managers (source: Insurance Investment Exchange Survey 2018), offering its global client-base individual solutions for their investment needs from a broad range of products. The asset manager also ranks first in the German market for unit-linked insurance products, with a 40 percent market share (source: FondsProfessionell Analysis, October 2018).
For further information please contact:
Phone: +49 (0) 69 910 61960
Phone: +49 (0) 69 910 14941
Generali Group Investments, Asset & Wealth Management
Phone: +39 02 43531102; +39 02 60765741
DWS Group: DWS Group (DWS) is one of the world's leading asset managers with EUR 687bn of assets under management (as of 30 Jun 2018). Building on more than 60 years of experience and a reputation for excellence in Germany and across Europe, DWS has come to be recognized by clients globally as a trusted source for integrated investment solutions, stability and innovation across a full spectrum of investment disciplines.
We offer individuals and institutions access to our strong investment capabilities across all major asset classes and solutions aligned to growth trends. Our diverse expertise in Active, Passive and Alternatives asset management – as well as our deep environmental, social and governance focus – complement each other when creating targeted solutions for our clients. Our expertise and on-the-ground-knowledge of our economists, research analysts and investment professionals are brought together in one consistent global CIO View, which guides our strategic investment approach.
DWS wants to innovate and shape the future of investing: with staff from 35 nationalities, speaking more than 75 languages rooted in 22 countries, we are local while being one global team.