Generali says solvency ratio at 145 pct end Oct - CFO
MILAN Nov 9 (Reuters) - Italy's No. 1 insurer Assicurazioni Generali said its Solvency I ratio has reached 145 percent at the end of October after the sale of its controlling stake in Israeli unit Migdal, the insurer's Chief Financial Officer said on Friday.
Generali, which had a solvency ratio of 140 percent at the end of September, sold the stake in Migdal to Eliahu Insurance Company for 705 million euros ($897.25 million).
CFO Alberto Minali also said he saw net life premiums at 2 billion euros at the end of 2012. ($1 = 0.7857 euros) (Reporting By Stephen Jewkes)
- Malaysian plane presumed crashed; questions over false IDs |
- CORRECTED-UPDATE 4-Malaysia Airlines plane crashes in South China Sea with 239 people aboard - report
- China draws 'red line' on North Korea, says won't allow war on peninsula
- Warning shots fired to turn monitors back from Crimea |
- Libya threatens to bomb North Korean tanker if it ships oil from rebel port