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Societa Cattolica di Assicurazione Sc (CASS.MI)

CASS.MI on Milan Stock Exchange

7.49EUR
29 May 2017
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Latest Key Developments (Source: Significant Developments)

Cattolica Assicurazioni Q1 net profit up at EUR 29 mln
Tuesday, 9 May 2017 08:53am EDT 

May 9 (Reuters) - SOCIETA CATTOLICA DI ASSICURAZIONE SC ::Q1 TOTAL PREMIUMS WRITTEN EUR 1.32 BILLION VERSUS EUR 1.28 BILLION YEAR AGO.Q1 NET PROFIT EUR 29 MILLION VERSUS EUR 24 MILLION YEAR AGO.SOLVENCY II RATIO AT MARCH 31 1.81 TIMES MINIMUM REGULATORY REQUIREMENTS.CONFIRMS FOR FY 2017 THE EXPECTED TRENDS.  Full Article

Cattolica Assicurazioni appoints Alberto Minali CEO as of June 1
Tuesday, 2 May 2017 07:21am EDT 

May 2 (Reuters) - Societa Cattolica di Assicurazione Sc ::Said on Friday that Giovan Battista Mazzucchelli resigns as CEO of Cattolica Assicurazioni.Board appointed Alberto Minali CEO who will be in office as of June 1.  Full Article

Popolare di Vicenza says Cattolica has exercised right to sell bancassurance stake
Wednesday, 5 Apr 2017 04:05pm EDT 

Banca Popolare di Vicenza says: acknowledges communication from insurer Cattolica that it (Cattolica) has exercised its right to sell its stake in common insurance joint ventures (Berica Vita, Cattolica Life and ABC Assicura) . exercise of the right, the legitimacy of which the bank has reservations about, came at a time when the two parties were having constructive talks on relaunching their bancassurance agreement . rejects Cattolica's general complaint over Popolare di Vicenza's 2014 capital increase . notes that in 2016 it booked write downs on its investment in Cattolica for more than 220 million euros Further company coverage: [CASS.MI] (Reporting by Milan newsroom).  Full Article

Italy's Popolare di Vicenza sells 6.02 pct in Cattolica Assicurazioni
Wednesday, 5 Apr 2017 01:44am EDT 

Popolare di Vicenza says: It has sold 6.02 percent in Cattolica Assicurazioni through accelerated book building (ABB) at 7.25 euros per shares for total of 76.125 million euros . ABB is exclusively for Italian investors . It holds 9.05 percent of Cattolica Assicurazioni after ABB operation, with 90-day lock-up commitment . Equita Sim was sole bookrunner of operation Further company coverage: [CASS.MI] (Reporting by Milan newsroom).  Full Article

Cattolica Assicutazioni exercises put option right on JVs with Banca Popolare di Vicenza
Tuesday, 4 Apr 2017 10:52am EDT 

Societa Cattolica di Assicurazione Sc : Board has resolved to exercise its right to sell to Banca Popolare di Vicenza its holdings in share capital of Berica Vita, Cattolica Life and ABC Assicura . As of April 4, the value of the put option is equal to 186.1 million euros ($198.48 million) .On the basis of accounting and actuarial results, the envisaged penalties for the failure to achieve the subsidiaries' underwriting and profitability targets are equal to 8.6 million euros.  Full Article

Cariverona denies considering buying stake in Cattolica- spokesman
Monday, 6 Mar 2017 04:03am EST 

Cattolica Assicurazioni: Banking foundation Cariverona denies it is considering buying a stake in the insurer from Popolare di Vicenza, a Cariverona spokesman told Reuters on Monday . Il Sole 24 Ore reported on Sunday that Cariverona may have been interested in Popolare di Vicenza's 15 percent stake in Cattolica were the bank forced to sell the holding in order to finance the purchase of assets from the insurer under a put option that allows Cattolica to exit their joint-venture after early May. Further company coverage: [CASS.MI] (Reporting by Milan newsroom).  Full Article

H-Farm signs 101 mln euro agreement to launch H-Campus
Thursday, 16 Feb 2017 02:52am EST 

H-Farm SpA : Said on Wednesday it signed an agreement for 101 million euros ($107.13 million) to launch H-Campus . Agreement envisages the creation of a real estate fund that Finint Investments SGR will manage .Cattolica Assicurazioni , CDP Investimenti Sgr, and Cà Tron Real Estate will subscribe to 56 pct, 40 pct, and 4 pct of the fund, respectively.  Full Article

Cattolica Assicurazioni Q1 net profit falls to EUR 24 mln
Monday, 16 May 2016 04:20am EDT 

Societa Cattolica di Assicurazione Sc : Reported on Friday Q1 net profit 24 million euros ($27.14 million) versus 30 million euros a year ago . Q1 net premiums 1.15 billion euros versus 1.48 billion euros a year ago . Combined ratio at March 31 at 92 percent .Solvency II ratio at March 31 meets 1.9 times regulatory requirements.  Full Article

Societa Cattolica di Assicurazione Sc proposes FY 2015 dividend
Wednesday, 9 Mar 2016 07:56am EST 

Societa Cattolica di Assicurazione Sc:Proposes dividend of ‍0.35​ euro per share.  Full Article

Societa Cattolica di Assicurazione announces demerger of unit Cattolica Previdenza
Thursday, 25 Jun 2015 09:07am EDT 

Societa Cattolica di Assicurazione Sc:Says unit Cattolica Previdenza to be demerged.  Full Article

More From Around the Web

BRIEF-Cattolica Assicurazioni appoints Alberto Minali CEO as of June 1

* Said on Friday that Giovan Battista Mazzucchelli resigns as CEO of Cattolica Assicurazioni