Latest Cattolica Headlines
All the headlines from our Cattolica Topic Page, ordered by recency.
Generali Raises Projected Profit Boost From Purchase of Cattolica
Dec 13 2022 // Italy’s biggest insurer Generali on Tuesday raised the projected boost to its earnings from last year’s purchase of smaller rival Cattolica, and ruled out negative impacts from new accounting...
Generali Acquires Italy Insurer Cattolica to Boost Domestic Market Leadership
Nov 1 2021 // Italy’s top insurer Generali sealed its 1.17 billion euro ($1.36 billion) takeover of smaller rival Cattolica on Friday in a move aimed at cementing its domestic market leadership. On the last day of Generali’s...
Berkshire Hathaway to Tender Stake in Italy’s Cattolica Under Generali Takeover Offer
Oct 22 2021 // MILAN – Warren Buffett’s Berkshire Hathaway has tendered its stake in Cattolica under a takeover offer by Assicurazioni Generali, a source close to the situation said on Friday. The move brings Italy’s top...
Italian Insurer Cattolica Says Its Board Views Generali Takeover Offer as Fair
Sep 29 2021 // Italian insurer Cattolica said on Tuesday that its board considers that bigger rival Generali’s takeover offer for it is at a fair price. Generali, Italy’s largest insurer, earlier in May said it would launch a...
Italian Insurer Cattolica Delays €200M Cash Call due to Generali’s Recent Takeover Offer
Jun 8 2021 // MILAN – Italian insurer Cattolica said on Monday it had decided to delay a planned 200 million euro ($244 million) cash call to give its shareholders the chance to take up a buyout offer by bigger peer Assicurazioni...
Generali Launches $1.4 Billion Bid to Buy Remaining Shares of Italy Rival Cattolica
Jun 1 2021 // Italy’s largest insurer Assicurazioni Generali SpA launched a 1.2 billion-euro ($1.4 billion) bid to buy all the shares it doesn’t already own in smaller rival Societa Cattolica di Assicurazioni, as part of a...
Italy’s Banco BPM to Acquire Full Control of Insurance Joint Ventures with Cattolica
Dec 16 2020 // MILAN — Italy’s Banco BPM said it would end an insurance partnership with Cattolica by acquiring full control of their joint-ventures, in a move that may ease a mooted tie-up with BPER Banca. Banco BPM said...
Italian Insurer Cattolica Paves Way for Tie-Up with Generali
Jul 31 2020 // 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...
Italy’s Generali Moves to Become Cattolica Major Shareholder, Strategic Partner
Jun 26 2020 // 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...
Italy’s Regulator Asks Insurer Cattolica to Boost Its Capital by $557M on COVID-19 Impact
Jun 1 2020 // 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...
Buffett’s Berkshire to Buy 9% Stake in Italian Insurer Cattolica
Oct 6 2017 // 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...
Ratings: Wilton Re, London General, Cattolica, Arab Re
Apr 22 2011 // A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A- ‘(Excellent) and issuer credit ratings (ICR) to “a” from “a-” for Wilton...
Best Revises Outlook on Italy’s Cattolica; Affirms Ratings
Jan 26 2011 // A.M. Best Europe – Rating Services Limited has revised the outlook to stable from negative and affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a” of...
Ratings Recap: Cattolica, Ghana Re, Al Ittihad, Grafton, RCHL
Dec 22 2009 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a” of Italy’s Societa Cattolica di Assicurazione – Societa Cooperativa. Both...
Ratings: AMI, Cattolica, Seguros ING, BNY
Oct 13 2008 // A.M. Best Co. has upgraded the financial strength rating to ‘A+’ (Superior) from ‘A’ (Excellent) and the issuer credit rating to “aa-” from “a+” of New Zealand’s AMI...
Ratings Recap: Guardian, Old Republic, Ingosstrakh, Cattolica, Caelus Re, Secura, Elwood
Jun 26 2008 // A.M. Best Co. has upgraded the issuer credit rating to “bbb+” from “bbb” and affirmed the financial strength rating of ‘B++’ (Good) of Guardian Insurance Company, Inc. of the U.S.,...
Ratings Recap: Fortis (Asia), Cattolica, West England Ship Owners, Endurance
Nov 20 2007 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Bermuda-based Fortis Insurance Company (Asia) Limited (FICA) with a stable...
Rating Roundup: Cattolica, Endurance
Sep 10 2007 // A.M. Best Co. has affirmed the financial strength rating of “A” (Excellent) and the issuer credit rating of “a” of Italy’s Societa Cattolica di Assicurazione – Societa CooperativaBest...
S&P Cuts Italy’s Cattolica Ratings to ‘A-‘; Off CreditWatch
Jan 26 2007 // Standard & Poor’s Ratings Services announced that it has lowered its long-term counterparty credit and insurer financial strength ratings on Italy’s composite insurer Società Cattolica di Assicurazione to...
Best Places Cattolica, Mapfre Ratings Under Review/Negative
Dec 22 2006 // In separate bulletins A.M. Best Co. announced that it has placed the financial strength rating of “A” (Excellent) and the issuer credit rating of “a” of Italy’s Societa Cattolica di...
