Lloyd Italico, Compagnia di assicurazioni e riassicurazioni known as Lloyd Italico was an Italian insurance company. It was specialized in maritime insurance. In 2006, the company was acquired by

Assicurazioni Generali Assicurazioni Generali S.p.A. ( , ; meaning 'general insurances') or simply Generali Group is an Italian insurance company based in Trieste. As of 2019, it is the largest of its kind in Italy and among the top ten largest insurance companies in ...

and maintained its brand until 2016.

History

Lloyd Italico insurance company was founded in

Genoa Genoa ( ; it, Genova ; lij, Zêna ). is the capital of the Italian region of Liguria and the List of cities in Italy, sixth-largest city in Italy. In 2015, 594,733 people lived within the city's administrative limits. As of the 2011 Italian ce ...

in 1917 by two companies of the Perrone group, Gio. Ansaldo & C. and Società Nazionale di Navigazione. In 1934 Lloyd Italico acquired other Genoese insurance companies such as L'Ancora, Oceanus and Ermes. In the same year, the Genoese insurance broker Emilio Borzino became president of the company.
In 1946 the presidency passed to Andrea Giuseppe Croce, who later became the president of the

Yacht Club Italiano The Yacht Club Italiano is a yacht club in Genoa, Italy. History It was founded in 1879 and is one of the oldest sailing clubs in the Mediterranean. This club was bestowed Royal Patronage by HRH King Umberto I of Italy since its inception. This c ...

and of the

International Sailing Federation International is an adjective (also used as a noun) meaning "between nations". International may also refer to: Music Albums * ''International'' (Kevin Michael album), 2011 * ''International'' (New Order album), 2002 * ''International'' (The T ...

. The company further strengthened its presence within the Italian territory and extended its network of agents. In 1980 Italia Assicurazioni S.p.A. acquired Lloyd Italico & L'Ancora. In 1982 a merger took place where the company maintained its brand and remained independent in regard to all operations and commercial control. In 1990 Lloyd Italico Assicurazioni S.p.A. was reconstituted. Royal Insurance Holdings plc acquired 90% of Lloyd Italico Assicurazioni S.p.A. and Lloyd Italico Vita S.p.A., a company specializing in

life insurance Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death ...

, was also founded, which was controlled by Lloyd Italico Assicurazioni S.p.A. (80%) and Royal Insurance Holdings plc (20%). In 2001 Lloyd Italico Assicurazioni S.p.A. and Lloyd Italico Vita S.p.A., were acquired by Toro Assicurazioni of the

FIAT group Stellantis Italy, formerly known as Fiat Group Automobiles S.p.A. from 2007 to 2014 and FCA Italy S.p.A. from 2014 to 2021, is the Italian subsidiary of the multinational automaker Stellantis, dedicated to the production and selling of passenger ...

. In 2004 Lloyd Italico was incorporated into Toro Assicurazioni as an autonomous division which maintained separate management and continued to operate under its own brand. In 2005 Toro Assicurazioni incorporated the subsidiary Lloyd Italico Vita.
In 2006 Toro Assicurazioni, together with Lloyd Italico and all the other subsidiaries, was purchased by

Name

The choice of the name 'Lloyd' was inspired by the

Lloyd's of London Lloyd's of London, generally known simply as Lloyd's, is an insurance and reinsurance market located in London, England. Unlike most of its competitors in the industry, it is not an insurance company; rather, Lloyd's is a corporate body gov ...

while the adjective 'Italico' describes its geographical area of belonging.

References

{{Insurance companies of Italy Companies based in Genoa 1917 establishments in Italy Italian brands Insurance companies of Italy Financial services companies established in 1917 Generali Italia