Sunday, March 31, 2013

Mario Greco: Insurance Man Inside Out

There are many top executives who got into their career in unexpected ways. For Mario Greco his whole career has basically been focused in the insurance industry. It is not such a bad industry to be in considering some of the largest companies in the world are in the insurance sector.

Greco comes from Italy having been born in Naples in June 16, 1959. He earned his economics degree at the University of Rome in 1983. Greco had an advantage as far as a varied academic education is concerned. Aside from his European education he went to the U.S. which has a slightly different approach. There he earned a masters degree in International Economics and Monetary Theory at Rochester University, New York in 1986.
The same year he graduated Greco joined McKinsey & Company. At McKinsey he was a Partner Leader in the insurance segment and was with the company from 1986 to 1994. It has pretty been much in the insurance sector from then on. He joined RAS (Allianz Group) (Riunione Adriatica) as Head of Claims Division in 1995. By the following year Greco was promoted to General Manager in charge of Insurance business. He became the Managing Director in 1998.

Greco was already a rising star having been named Insurance CEO of the year in 2004. He became the CEO of EurizonVita, which is a company in the Sanpaolo IMI Group in 2005. He then was appointed CEO of Eurizon Financial Group.
Looking for other opportunities Greco joined Zurich Financial Services in 2007 as Deputy CEO Global Life. By the following year he became CEO and member of the Executive Committee. Greco was named CEO General Insurance at the Zurich Insurance group in 2010.

In what could be described as his biggest promotion to date he became the Group CEO of Assiucarazioni Generali on August 1, 2012. The Italian insurance company Greco now leads is one of the largest in the world. It has presence in 60 countries and has more than 80,000 employees. The company’s assets stand at more than €400 billion.
Greco has worked with various insurance companies and has always been promoted to higher positions. He knows insurance and it’s only fitting he is leading one of the largest in the world.

 

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