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BI ANNUAL DIRECTORY OF INTERNATIONAL PROPERTY/CASUALTY INSURERS

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Assicurazioni Generali S.p.A.

Piazza Duca Delgi Abruzzi 2,

Trieste, 34132, Italy; 39/40/671-111;

fax: 39/40/671-600

1996 1995

Int'l premiums* $12,874,258,000 $8,804,085,560

**Converted at applicable exchange rates.

Intl. P/C operations began: 1831.

Specialties: All classes of risk, including space, aviation and package policies for corporate clients.

Services: Captive programs; loss

control services for industrial and technological risks; retrospectively rated programs; statistics in support of international programs for fire and motor.

Licensed or accepted insurer in: Argentina, Austria, Belgium, Canada, Colombia, Denmark, Dubai, Germany, Hong Kong, Ireland, Japan, Lebanon, Malta, Mexico, Netherlands, Panama, Peru, Portugal, Singapore, Spain, United Kingdom, United States.

Affiliates/fronting arrangements: Argentina, Austria, Belgium, Brazil, Canada, Colombia, Curacao, Czech Republic, Ecuador, Germany, Greece, Guatemala, Guernsey, Hungary, France, Italy, Liechtenstein, Luxembourg, Mexico, Netherlands, Peru, Portugal, Romania, Slovakia, Slovenia, South Africa, Spain, Switzerland, Turkey, United Kingdom, United States.

Officers: Antoine Bernheim, chairman; Gianfranco Gutty, vice chairman/managing director; Fabio Cerchiai, managing director; Benito Rocco, general manager; Benito Pagnanelli, deputy general manager.

U.S. contact: Riccardo Nicolini, president/CEO-Generali U.S. branch, 212-602-7600

Gerling Insurance Group

Gereonshof, 50597 Cologne, Germany; 49-221-1441; fax: 49-221-3319

1996 1995

Int'l premiums* $1,077,152,000

Offices: Claims 90 83

Employees 10,148 9,599

Underwriting in foreign countries 30 29

Foreign countries-owned offices 29 28

**Converted at applicable exchange rates.

Intl. P/C operations began: 1955.

Parent: Gerling-Konzern Versicherungs-Beteiligungs-Aktiengesellschaft.

Specialties: Industrial and commercial risks.

Services: Captive programs; loss

control services; retrospectively rated programs; statistics in support of international programs.

Licensed or accepted insurer in: Argentina, Australia, Austria, Belgium, Brazil, Canada, China, Czech Republic, Denmark, France, Germany, Greece, Hong Kong, Hungary, Italy, Japan, Luxembourg, Malaysia, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Slovakia, South Africa, Spain, Sweden, Switzerland, United Kingdom, United States.

Affiliates/fronting arrangements: Lux Life, Luxembourg.

Officers: Jurgen Zech, chairman; Thomas Reineke, deputy chairman; Jochen Aymanns, Michael Dill, Uwe-Volker Bilitza, Norbert Strohschen, Frank Thomas, members-board of management.

U.S. contact: Wolfgang Schlaeger, president-Gerling America Insurance Co., 717 Fifth Ave., 14th Floor, New York, N.Y. 10022; 212-754-7500.