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Cattolica will launch plan to strengthen solvency

2020-06-02T04:11:40.755Z


The Cattolica Assicurazioni board of directors, which met yesterday to examine the letter from IVASS asking for immediate capitalization measures, "has dutifully taken note of the indications" arrived from the supervisory authority and "therefore, has given mandate ... (ANSA)


(ANSA) - MILAN, JUNE 01 - The Cattolica Assicurazioni board of directors, who met yesterday to examine the letter from IVASS asking for immediate capitalization measures, "presumptuously acknowledged the indications" arrived from the divigilance authority and "therefore, gave a mandate to the management to prepare a plan within the required time, in order to strengthen the solvency of the Group ", which was asked, among other things, to proceed with a capital increase of 500 million euros by the end of September.
    Meanwhile, the former CEO, Alberto Minali, after resigning as a director on the evening of May 29, sent a summons requesting compensation from the company for € 9.6 million, motivated by the "alleged lack of a just cause "of the revocation of his proxies, which took place on October 31, 2019. Cattolica considers the claims" unfounded "," which will be subject to adequate response in the defense ". (HANDLE).

Source: ansa

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