Cattolica News

Italian Insurer Cattolica Paves Way for Tie-Up with Generali

Shareholders in Italian cooperative insurer Cattolica Assicurazioni approved its conversion into a joint-stock company on Friday, paving the way to a tie-up with Generali to boost its capital position. Generali last month agreed to buy 24.4% of Cattolica and signed …

Italy’s Generali Moves to Become Cattolica Major Shareholder, Strategic Partner

Italy’s largest insurer Assicurazioni Generali SpA said it will become a major shareholder in Cattolica Assicurazioni SC and a strategic partner with Cattolica in several areas of mutual opportunity. Generali said it has committed to becoming a major shareholder, acquiring …

Italy’s Regulator Asks Insurer Cattolica to Boost Its Capital by $557M on COVID-19 Impact

Cattolica Assicurazioni said on Monday that Italy’s insurance regulator had told it to raise 500 million euros ($557 million) after the coronavirus crisis knocked its solvency ratio, a measure of financial strength. The Bank of Italy warned last month about …

Buffett’s Berkshire to Buy 9% Stake in Italian Insurer Cattolica

Warren Buffett is expanding his wager on Italy. The billionaire’s Berkshire Hathaway Inc. said Thursday it agreed to buy about 9 percent of Italian insurer Societa Cattolica di Assicurazioni Scrl from Banca Popolare di Vicenza SpA, one of two failed …