Moody’s Ratings has upgraded Generali Group's insurance financial strength rating (IFSR) to A1 from

A2. The outlook remains stable, Generali said in its press release.

The upgrade of Generali’s IFSR to A1, four notches above the Italian sovereign rating (Baa2 stable), reflects a very strong business and financial profile, which confers the Group with a low sensitivity to financial markets and macroeconomic conditions, and a very strong business profile, which benefits from leading positions in its chosen markets in Europe, diversification by business lines and low product risk. In addition, the group’s diversification outside in Italy, its strong capitalisation and its moderate exposure to Italian assets (lower than 25% of general account assets) would also support the group’s strong resilience under a hypothetical sovereign stress or default scenario.

The ratings of Generali's main operating insurance subsidiaries in Italy, France and Germany were also upgraded and the outlooks remain stable.