Reinsurance News

Cattolica Assicurazioni

Generali says Cattolica integration proceeding swiftly

13th December 2022

Generali has put out an update for the financial community on the integration of cooperative insurance firm Cattolica and the implementation of new accounting standards. The financial giant said in its two-page update that an effective and accelerated integration process had caused synergies under Cattolica to rise from €80m by 2026 ... Read the full article

Generali takeover offer for Cattolica gets regulatory approval

25th October 2021

Italian insurer Generali has received regulatory approval for the acquisition of a controlling interest in Società Cattolica di Assicurazione. The European Commission has given Generali the green light to make an offer to acquire all the ordinary shares of Cattolica. Further details of the offer have not yet been disclosed. Generali committed to ... Read the full article

Generali to become a major shareholder of Cattolica via strategic partnership

25th June 2020

Generali Group has committed to becoming a major shareholder of Cattolica Group through a reserved share capital increase for €300 million, as the pair announce the launch of a new strategic partnership. The Board of Directors of both companies recently approved the launch of a strategic partnership between the pair, which ... Read the full article

Monument Re buys Irish life insurer from Cattolica Assicurazioni

11th December 2019

Bermudian reinsurer Monument Re has announced the acquisition of Cattolica Life DAC from Cattolica Assicurazioni. Cattolica Life is a life insurer domiciled in Ireland which ceased new activity since 2017. Monument Re noted that the transaction will have no impact on clients and policyholders. The company further stipulated that change of control of ... Read the full article

Cattolica in national nat cat scheme for religious buildings in Italy

18th July 2018

Cattolica Assicurazioni, Italy’s sixth largest insurer, has finalised an agreement with the Episcopal Conference of Italy (CEI) to provide a re/insurance policy that will protect religious buildings from natural catastrophe risks in all 25,796 parishes of the 225 Italian dioceses. The policy is believed to be the first national scheme of ... Read the full article