Insurer Generali to create fund to aid Covid-19 fight

Friday, Mar 20, 2020 11:43

Generali will create an Extraordinary International Fund of up to 100 million euro dedicated to the fight against the Covid-19 emergency on an international level. — Photo courtesy of the Generali Vietnam

Italian insurer Generali is set to create a fund of up to 100 million euros (US$108.9 million) for the fight against the Covid-19 pandemic.

It will primarily assist Italy but also be available in other countries where Generali operates, offering immediate assistance in this quickly evolving crisis and, in the medium term, supporting economic recovery.

Generali employees will be able to donate to it.

The company’s chairman, Gabriele Galateri di Genola, and group CEO, Philippe Donnet, said: “We commit a concrete pool of resources immediately to respond the Covid-19 emergency. We all have to work together to fight this battle.”

In Viet Nam, none of the company’s products excludes cover against the epidemic. — VNS

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