16 June 2010
Published in: Corporate strategy
CEA elects new president
The managing director of Generali, Sergio Balbinot, will be the next president of the European insurance and reinsurance federation (CEA).
At the CEA's general assembly held in London, Balbinot was elected to serve as vice-president for one year before taking over from Tommy Persson as president in June 2011. He will serve a mandate of three years.
"The economic crisis has triggered a wave of regulatory reaction to which our sector must respond comprehensively," Balbinot said in a statement. "I am looking forward to working with Tommy Persson, the CEA's secretariat and its members from 33 countries at this crucial stage. Together we will work towards an appropriate regulatory environment for the European insurance sector."
Balbinot joined Generali in 1983, taking on roles in several companies within the group in Italy and abroad. Returning to Generali's head office in Trieste in 1995, he was appointed deputy general manager in 1998, and general manager in 2000. Since April 2002 he has held the position of managing director with responsibility for all the international insurance portfolios of the group.