Insurance company Assicurazioni Generali is accused of taking 16% of the consortium. Generali: We know nothing about it.
According to Italian newspaper "Corriere della Sera", insurance company Assicurazioni Generali participated in insuring Nazi concentration camp installations in Poland, through its Warsaw office. The newspaper claims that its journalist found documents in the German government archives in Berlin and Koblenz. The report follows an article in "Der Spiegel" that German insurer Allianz did business with the Gestapo.
Allianz and Generali are in the group of insurers, against which a class suit has been filed in the US by heirs of policy holders killed in the Holocaust. Of all the companies, only Generali is refusing to honor the policies due to the legal proceedings.
The Italian journalist based his article on a policy issued by an insurance pool, led by Allianz, in which Generali held 16%. The policy, taken out on October 26, 1942, insured housing cabins in the concentration camp near Cracow. Generali’s Polish branch assumed 3 million Polish Zloty of risk. In another policy, dated February 26, 1943, insuring new buildings in the camp, Generali assumed 6 million Polish Zloty of the risk. The newspaper reports that there are more policies in the archives.
Generali responded that it knows nothing of this, and its archives have no documents related to these policies.