New natural catastrophe insurance requirement in Italy
After multiple postponements, the Italian Government has published the new natural catastrophe (NatCat) operating decree on 28 February 2025. The Decree, which became effective on 31 March 2025, mandates that companies must purchase insurance policies that cover damage from natural catastrophes.
All companies based in Italy, including multinationals with assets in Italy, are in scope for the new legislation — excluding agricultural businesses. Buildings, equipment, and land must have coverage for natural disasters, such as flooding, earthquakes, and landslides.
Non-compliance with the Decree will invoke sanctions and companies may face loss of access to governmental financial incentives and grants.
Please contact your local Global Solutions representative if you have any questions.
MAG hires Head of Specialty Property & Liability
MAG has hired Cristina Ossola Salvi as Head of Specialty Property & Liability. Cristina brings with her extensive experience in the insurance industry, gained in leadership positions at Marsh over the last 20 years. Her areas of expertise range from managing complex insurance programmes to advising corporate clients, with a particular focus on Liability and Environmental lines. Cristina will also enhance our capabilities to assist large and multinational clients.
MAG appoints Head of M&A
MAG has appointed Cristina Mignogna as Head of Mergers & Acquisitions (M&A). Cristina has extensive experience leading major M&A projects in the corporate and real estate sectors, supporting institutional and foreign investors, as well as, private equity funds.
Her expertise in risk management during all phases of transactions maximised value for clients and ensured successful transactions. Cristina is a graduate with a master’s degree in economic law from Luigi Bocconi University and holds a forensic qualification from the Court of Appeal of Milan. She also holds a corporate master's degree in finance and risk management, and another in finance and real estate, in addition to a specialisation in international law.
Cristina’s leadership and know-how will contribute significantly to the growth of our M&A division and the achievement of our company's joint strategic goals.
MAG launches new risk management tool for the healthcare sector
The MAG Group, through its public and private healthcare team, has developed Hospital Risk Predictor — an actuarial probabilistic model to help healthcare facilities manage their risks.
Through the use of algorithms, the results of clinical risk assessments are transformed from qualitative to qualitative-quantitative — allowing a precise estimate of potential damages and a more effective allocation of financial resources in risk funds.
This innovative model was developed by MAG colleagues, Roberto Esitini, Mauro Zappaterreno, and Federica Calzolari. It has been subjected to the patenting process, and a trademark was registered with the Italian Patent and Trademark Office on 1 July 2024.
The main innovation of this model is that self-insured public or private health facilities are now offered data for developing risk funds that is no longer solely based on claims statistics.
Hospital Risk Predictor is the first patented MAG model that will allow users to define not a deterministic number, but a multivariate distribution of claims. This can help to establish:
- The temporal development of claims (from the occurrence of the claim to the claim for damages, and its settlement), and the financial risk it generates, for up to 10 years.
- The amount of annual provisions to be allocated to risk funds, for structures in total or partial self-insurance, or for insurance coverage with self-insured retention (SIR).
- The Total Cost of Risk to help formulate personalised insurance proposals from the point of view of deductibles/SIR, Ceilings, and/or with verticalised partial self-insurance models.
MAG presents first Sustainability Report
MAG Group's first Sustainability Report originates from a desire to transparently describe the path we have taken towards forming a more conscious and responsible business model. Through this first Sustainability Report, we have explored our responsible business model, combining growth and care for people, the environment, and the future of the communities in which we operate.
MAG partners with Azimut Benetti for employee benefits
We are thrilled to announce that Azimut Benetti Group, a leading group in superyacht manufacturing, has chosen MAG as its partner for employee benefits solutions.
Azimut Benetti is a group with a rich heritage and international standing, employing more than 2,500 people across various offices and shipyards in Italy and around the world. Our partnership represents a step forward towards offering increasingly innovative and personalised services.
For Azimut Benetti, MAG designed a proposal that includes supplementary health insurance coverage through our partner MBA in addition to the benefits already offered by the welfare funds to Azimut Benetti's employees.
In addition to the insurance solution, MAG’s proposal also includes a series of additional services to better support our new client's employees:
- BeMAG platform: a digital tool that enables seamless access to the proposed solutions.
- Dedicated team: a group of experts will be available through both a dedicated phone number and email address.
- Training: in collaboration with our marketing team, we have created a multilanguage package of information material and videos to guide employees in the use of our solutions.
This collaboration marks the beginning of a journey full of opportunities for both companies.