Philippe Donnet

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Philippe Donnet
Philippe Donnet
Born (1960-07-26) July 26, 1960 (age 65)
Suresnes, France
Alma materÉcole Polytechnique, Institut des Actuaires
EmployerAssicurazioni Generali
TitleCEO
Term2016–present

Philippe Donnet (born 26 July 1960 in Suresnes, France) is a French business executive with Italian citizenship and has been the CEO of Assicurazioni Generali since March 2016.[1][2]

Education

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Donnet entered École Polytechnique in 1980 and graduated in Engineering in 1983; there he met Claude Bébéar, the founder of AXA, who later became his mentor.[3] In 1986, he became an actuary,[4] and in 1991 he became agrégé at the Institute of Actuaries of France.[5][6][7]

Career

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Early career

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In 1985, Donnet began his insurance career at AXA,[5] where he held different positions until 1997, when he was appointed Deputy Managing Director of AXA Conseil.[8]

In 1999, Donnet was appointed CEO of AXA Assicurazioni in Italy[5] and then in 2001 he was appointed Regional CEO, responsible for the Mediterranean region, Middle East, Latin America and Canada.[6] Additionally, in 2002, Donnet was assigned the role of chairman and CEO of AXA Re as well as Chairman of AXA Corporate Solutions.[8] In 2003, Donnet was named CEO of Axa Japan[9] where he operated in the context of an economy characterized by very low interest rates;[3] in 2006 he took on the role of CEO for the entire Asia-Pacific region.[6][10]

In 2007, he left the insurance sector for a period of six years to take on the position of General Manager for the Asia-Pacific region at Wendel Investissement, Singapore.[9] In 2010, Donnet founded HLD, an investment firm.[11] In 2008, he joined the Board of Directors of Vivendi, a role he kept until 2016.

Career at Generali

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Donnet joined Generali in 2013 as country manager for Italy and CEO of Generali Italia.[12][13] He led the integration of five Generali Group brands (Generali, Ina Assitalia, Toro, Lloyd Italico e Augusta).[14][15] In the same period, starting from February 2015, he held the position of Chairman of the MIB School of Management in Trieste for three years.[16]

Appointed CEO of Generali Group on 17 March 2016,[17][18] under his management the Group's results improved significantly between 2016 and 2021: the operating result grew from 4.8 billion to reach 5.9 billion euros (the best operating result ever),[19] the net result reached 2.8 billion from 2.0 billion euros, debt dropped to 9.6 billion from 13.1 billion euro, and the Solvency Ratio rose to 227%, up from 175%.[20][21] Under his guidance, Generali renewed its relationship with Venice, collaborating in the restoration of the Royal Gardens (2019),[22] restoring the Procuratie Vecchie (reopened to the public in 2022),[23][24] and participating in the foundation of the association "Venice, the world capital of sustainability.”[25]

In May 2016, he was appointed Chairman of Generali Italia, a role he held until August 2022.[26]

In 2022, Generali’s outgoing board put forward Donnet for a third mandate as CEO.[27] On 29 April 2022, Donnet was reconfirmed as Group CEO of Generali, with the majority of votes of the Shareholders' Meeting in favour of his reappointment.[28][29]

Other activities

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  • Italian National Association of Insurance Companies (ANIA), Vice President (2016-2017)[30][31]
  • He supported the creation of The Human Safety Net, Generali's initiative to help vulnerable families and the integration of refugees through work and entrepreneurship, of which he is a Board member (since 2017)[32]
  • Insurance Development Forum (IDF), Member of the Steering Committee (since 2022)[33]
  • Domaine national de Chambord, President of the Board of Directors (since July 2023)[34]
  • Pan-European Insurance Forum (PEIF), Chair (since October 2024)[35]

Personal life

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Donnet is a former rugby player[36] and he is among the major French wood barrel manufacturers.[37]

He is very attached to the city of Venice, where he chose to reside; on 23 April 2021, he was conferred Italian citizenship by the mayor Luigi Brugnaro.

He is passionate about cycling and tennis and has three children.[38][39]

Honours and awards

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Other awards

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  • In 2022,[44] 2023,[45] and 2024[46] he was named "Best CEO" of the insurance sector in the All-Europe Executive Team ranking of Institutional Investors
  • In 2023
    • the Foreign Policy Association awarded him the "Corporate Social Responsibility Award"[47]
    • the Fondazione Premio Galileo 2000 awarded him the "Premio Galileo 2000 per l'Impresa"[48][49]

See also

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References

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