Generali tops Extel rankings, Philippe Donnet confirmed as best CEO in the insurance sector
05 September 2024 - 16:10
- Generali also leads the insurance sector in the Best CFO, Best Investor / Analyst Day, Best IR Professional, Best IR Program, Best IR Team and Best ESG Program categories
Milan – Generali Group CEO Philippe Donnet was confirmed "Best CEO" in the European insurance sector in the 2024 edition of the annual survey by Extel (formerly Institutional Investor), the specialist magazine and independent research company in the field of international finance.
This success was mirrored across a number of key categories for the combined buy-side and sell-side feedback, with Generali Group CFO, Cristiano Borean, confirmed as the "Best CFO" in the insurance sector.
The Generali Investor & Rating Agency Relations team also ranked first in the "Best IR Team", "Best IR Professional" - Fabio Cleva, Group Head of Investor & Rating Agency Relations, "Best IR Program" and "Best Investor / Analyst Day" categories.
In addition, Generali was awarded first position in the "Best ESG Program" category.
Generali Group CEO, Philippe Donnet, said: “We are proud that the financial community has acknowledged once more Generali’s strong commitment to fostering best in class market engagement and communication. These elements are even more key today as we are about to fully meet the targets of our plan ‘Lifetime Partner 24: Driving Growth’ and to embark on a new strategic cycle. I would like to thank all the colleagues for their continued outstanding work and their commitment to always providing timely, clear and trusted information, which allowed us to receive such important industry recognitions again this year.”
The Extel ranking reflects the evaluations of around 1,800 professionals, institutional investors and financial analysts. The CEOs were assessed on the criteria of credibility, leadership and communication, whereas CFOs were evaluated based on capital allocation, financial stewardship and communication. In addition, the quality of the board of directors and ESG metrics were assessed.
A number of factors were examined to assess Investor Relations activities, including roadshows, quality of financial information, business and market knowledge, and the company's reactivity and standing.