Società Cattolica di Assicurazione – Società Cooperativa known as Cattolica Assicurazioni is an Italian insurance company. According to Ricerche e Studi, a subsidiary of Mediobanca, the group had €5,382,471,000 (in 2014 financial year) gross premiums written making it the 6th largest Italian insurance company, or the fifth excluding Allianz, a subsidiary of the German insurer.[2] Research by ANIA, showed the insurer as being ranked 5th by market share in non-life insurance (5.63%), but not in the top 5 in life insurance.[3]
In 2000, Cattolica signed an agreement with Banca Popolare Sant'Angelo for bancassurance.[6] In March 2002 the 6-year partnership with Credito Valtellinese (Creval) was terminated. Cattolica sold 5.56% stake of Bancaperta and 5% stake of Credito Artigiano to Creval, acquiring 5% stake of Risparmio & Previdenza and cash in return.[7]
In 2002 Cattolica sold a minority stake in Credito Bergamasco (and Creberg SIM) to Banco Popolare di Verona e Novara (BPVN) for €57.1 million, acquiring 20% stake of Duomo Previdenza and 20% stake of Duomo Assicurazioni at the same time, for €55.7 million.[8] The bancassurance agreement with former Banca Popolare di Verona was also renewed (BPV Vita).[9] In 2004 more shares of Creberg were sold to BPVN, for €72,049,404.[10] In 2007 Banco Popolare bought back BPV Vita (became Popolare Vita) for €64.18 million,[11] but re-selling the 50% stake to Fondiaria-Sai.
In 2002 Cattolica bought 50% stake in Eurosun Assicurazioni Vita (Eurosav) for €15 million, forming a joint venture with Banca Popolare di Bari in bancassurance.[12] In 2004 Cattolica bought an additional 15% stake of Risparmio & Previdenza from Banco di Sardegna for €8,175,000. Risparmio & Previdenza was a subsidiary of Cattolica, serving Cassa di Risparmio di Fabriano e Cupramontana and Banca di Credito Popolare di Torre del Greco.[13] In the same year another 50% stake of Eurosav was bought for €40 million.[14] Eurosav was absorbed by Risparmio & Previdenza in 2006; the businesses of Risparmio & Previdenza were absorbed by Cattolica Previdenza (pension fund only) and by the parent company on 31 December 2013 and by Cattolica Immobiliare on 1 June 2014.
In 2007 Cattolica signed a memorandum of understanding with Banca Popolare di Vicenza (BPVi) for bancassurance. Cattolica acquired 50% stake of Berica Vita and Vicenza Life (later Cattolica Life), as well as selling 50% stake of ABC Assicura to BPVi. Cattolica's subsidiary, Verona Gestioni SGR, was also merged with BPVi Fondi SGR, forming a joint venture in asset management. BPVi also acquired a minority stake in Cattolica. (15.07% as at 31 December 2015)[15]
The bancassurance partnership with UBI Banca (ex-Banca Lombarda e Piemontese member banks only) was renewed in 2010, with Cattolica acquiring an additional 9.9% stake in Lombarda Vita from the banking group for about €120 million.[16]
In 2013 Cattolica acquired FATA Assicurazioni Danni from Generali Italia, a subsidiary of Assicurazioni Generali for €179 million.[17] On 5 April 2016 it was announced that the subsidiary would be absorbed by the parent company.[18]
On 4 August 2016 Cattolica terminated the partnership with BPVi.[19]
Competitorsedit
Among the competitors of the Cattolica Assicurazioni Group, in the Italian insurance market there are Generali Group and Unipol Group, both listed on Borsa Italiana and, among unlisted companies, Vittoria Assicurazioni and Reale Mutua.
Subsidiariesedit
BCC Assicurazioni (51%, joint venture with ICCREA Banca)
^"2015 Bilancio Consolidato" (PDF) (in Italian). Cattolica Assicurazioni. 6 April 2016. Retrieved 21 April 2016.
^"LE PRINCIPALI IMPRESE ASSICURATRICI ITALIANE (2015)" (PDF) (in Italian). Ricerche e Studi. October 2015. Retrieved 21 April 2016.
^"Total Direct Premiums of the Italian Insurance Market by ANIA (2018)" (PDF). ANIA. May 2019.
^"CATTOLICA ASSICURAZIONI CEDE LA PARTECIPAZIONE IN NUOVA BANCA MEDITERRANEA" (PDF) (in Italian). Cattolica Assicurazioni. 12 January 2004. Retrieved 5 April 2016.
^"2006 Bilancio Consolidato" [2006 Consolidated Annual Report] (in Italian). Banca Popolare di Cividale. 16 May 2007. Retrieved 9 March 2016.
^"CATTOLICA: UN NUOVO ACCORDO DI BANCASSICURAZIONE IN SICILIA" (PDF) (in Italian). Cattolica Assicurazioni. 8 August 2000. Retrieved 21 April 2016.
^"JOINT PRESS RELEASE" (PDF). Credito Valtellinese / Cattolica Assicurazioni. 20 March 2002. Retrieved 24 April 2016.
^"CATTOLICA ASSICURAZIONI AND BANCO POPOLARE DI VERONA E NOVARA SIMPLIFY EQUITY RELATIONSHIPS" (PDF). Cattolica Assicurazioni. 19 July 2002. Retrieved 21 April 2016.
^"INCREASINGLY CLOSE COLLABORATION BETWEEN BANCO POPOLARE DI VERONA E NOVARA AND CATTOLICA ASSICURAZIONI" (PDF). Cattolica Assicurazioni. 1 June 2002. Retrieved 21 April 2016.
^"BPVN purchase Cattolica's share in Credito Bergamasco in excess of 1%" (PDF). Cattolica Assicurazioni. 9 July 2004. Retrieved 21 April 2016.
^"STAKE IN BPV VITA: CALL OPTION EXERCISED BY BANCO POPOLARE DI VERONA E NOVARA" (PDF). Cattolica Assicurazioni. 28 March 2007. Retrieved 21 April 2016.
^"CATTOLICA ASSICURAZIONI BUYS INTO EUROSAV (BANCA POPOLARE DI BARI) WITH 50% STAKE" (PDF). Cattolica Assicurazioni. 21 November 2002. Retrieved 21 April 2016.
^"CATTOLICA ACQUIRES 15% OF RISPARMIO & PREVIDENZA FROM BANCO DI SARDEGNA" (PDF). Cattolica Assicurazioni. 30 January 2004. Retrieved 21 April 2016.
^"CATTOLICA ASSICURAZIONI AL 100% IN EUROSAV" (PDF) (in Italian). Cattolica Assicurazioni. 28 December 2004. Retrieved 21 April 2016.
^"START OF THE BANKING & INSURANCE PARTNERSHIP BETWEEN THE CATTOLICA AND BANCA POPOLARE DI VICENZA GROUPS" (PDF). Cattolica Assicurazioni. 26 January 2007. Retrieved 24 April 2016.
^"The UBI Banca Group and the Cattolica Group renew agreements for the distribution of life insurance products" (PDF) (in Italian). UBI Banca / Cattolica Assicurazioni. 29 July 2010. Retrieved 21 April 2016.
^"CATTOLICA'S AGREEMENT WITH GENERALI FOR THE ACQUISITION OF FATA SIGNED" (PDF). Cattolica Assicurazioni. 20 November 2013. Retrieved 24 April 2016.
^"MERGER BY INCORPORATION OF FATA ASSICURAZIONI INTO CATTOLICA ASSICURAZIONI" (PDF). Cattolica Assicurazioni. 5 April 2016. Retrieved 24 April 2016.
^"CATTOLICA ASSICURAZIONI EXERCISES THE RIGHT OF WITHDRAWAL FROM THE PARTNERSHIP WITH BANCA POPOLARE DI VICENZA" (PDF). Cattolica Assicurazioni. 4 August 2016. Retrieved 8 August 2016.
External linksedit
Official website(in Italian)
October 27, 2023
cattolica, assicurazioni, società, cattolica, assicurazione, società, cooperativa, known, italian, insurance, company, according, ricerche, studi, subsidiary, mediobanca, group, 2014, financial, year, gross, premiums, written, making, largest, italian, insuran. Societa Cattolica di Assicurazione Societa Cooperativa known as Cattolica Assicurazioni is an Italian insurance company According to Ricerche e Studi a subsidiary of Mediobanca the group had 5 382 471 000 in 2014 financial year gross premiums written making it the 6th largest Italian insurance company or the fifth excluding Allianz a subsidiary of the German insurer 2 Research by ANIA showed the insurer as being ranked 5th by market share in non life insurance 5 63 but not in the top 5 in life insurance 3 Cattolica AssicurazioniCattolica Assicurazioni logoNative nameSocieta Cattolica di Assicurazione S C FormerlyVerona Cattolica AssicurazioniTypeSocieta CooperativaTraded asBIT CASSIndustryFinancial servicesFounded27 February 1896 1896 02 27 Headquarters16 Lungadige Cangrande Verona ItalyArea servedItalyKey peoplePaolo Bedoni chairman Carlo Ferraresi CEO BrandsFATA AssicurazioniServicesLife and non life insurancesNet income 107 million 2018 Total assets 34 863 million 2018 Total equity 2 255 million 2018 Number of employees1692 2018 WebsiteOfficial websiteFootnotes referencesin consolidated basis 1 The company is a component of FTSE Italia Mid Cap Index The company has been listed on Borsa Italiana since November 2000 Contents 1 History 2 Competitors 3 Subsidiaries 4 Equity interests 5 Shareholders 6 References 7 External linksHistory editCattolica Assicurazioni was actively in bancassurance in which the insurer sold its products in banks The insurer also bought part of the stake in the bank as part of the deal Cattolica was a minority owner of Bancaperta sold in 2002 Credito Artigiano sold in 2002 Banca Mediterranea sold in 2004 4 Banca di Cividale sold in 2006 5 Banca di Valle Camonica sold in 2015 Cassa di Risparmio di Fabriano e Cupramontana Banca Lombarda e Piemontese Banca Regionale Europea Credito Bergamasco Banca Popolare Sant Angelo and Banca Popolare di Intra In 2000 Cattolica signed an agreement with Banca Popolare Sant Angelo for bancassurance 6 In March 2002 the 6 year partnership with Credito Valtellinese Creval was terminated Cattolica sold 5 56 stake of Bancaperta and 5 stake of Credito Artigiano to Creval acquiring 5 stake of Risparmio amp Previdenza and cash in return 7 In 2002 Cattolica sold a minority stake in Credito Bergamasco and Creberg SIM to Banco Popolare di Verona e Novara BPVN for 57 1 million acquiring 20 stake of Duomo Previdenza and 20 stake of Duomo Assicurazioni at the same time for 55 7 million 8 The bancassurance agreement with former Banca Popolare di Verona was also renewed BPV Vita 9 In 2004 more shares of Creberg were sold to BPVN for 72 049 404 10 In 2007 Banco Popolare bought back BPV Vita became Popolare Vita for 64 18 million 11 but re selling the 50 stake to Fondiaria Sai In 2002 Cattolica bought 50 stake in Eurosun Assicurazioni Vita Eurosav for 15 million forming a joint venture with Banca Popolare di Bari in bancassurance 12 In 2004 Cattolica bought an additional 15 stake of Risparmio amp Previdenza from Banco di Sardegna for 8 175 000 Risparmio amp Previdenza was a subsidiary of Cattolica serving Cassa di Risparmio di Fabriano e Cupramontana and Banca di Credito Popolare di Torre del Greco 13 In the same year another 50 stake of Eurosav was bought for 40 million 14 Eurosav was absorbed by Risparmio amp Previdenza in 2006 the businesses of Risparmio amp Previdenza were absorbed by Cattolica Previdenza pension fund only and by the parent company on 31 December 2013 and by Cattolica Immobiliare on 1 June 2014 In 2007 Cattolica signed a memorandum of understanding with Banca Popolare di Vicenza BPVi for bancassurance Cattolica acquired 50 stake of Berica Vita and Vicenza Life later Cattolica Life as well as selling 50 stake of ABC Assicura to BPVi Cattolica s subsidiary Verona Gestioni SGR was also merged with BPVi Fondi SGR forming a joint venture in asset management BPVi also acquired a minority stake in Cattolica 15 07 as at 31 December 2015 15 The bancassurance partnership with UBI Banca ex Banca Lombarda e Piemontese member banks only was renewed in 2010 with Cattolica acquiring an additional 9 9 stake in Lombarda Vita from the banking group for about 120 million 16 In 2013 Cattolica acquired FATA Assicurazioni Danni from Generali Italia a subsidiary of Assicurazioni Generali for 179 million 17 On 5 April 2016 it was announced that the subsidiary would be absorbed by the parent company 18 On 4 August 2016 Cattolica terminated the partnership with BPVi 19 Competitors editAmong the competitors of the Cattolica Assicurazioni Group in the Italian insurance market there are Generali Group and Unipol Group both listed on Borsa Italiana and among unlisted companies Vittoria Assicurazioni and Reale Mutua Subsidiaries editBCC Assicurazioni 51 joint venture with ICCREA Banca BCC Vita 51 joint venture with ICCREA Banca Lombarda Vita 60 joint venture with UBI Banca TUA AssicurazioniEquity interests editUBI Banca 0 57 Banca Popolare di Vicenza 0 0006 Veneto Banca 0 22 Cassa di Risparmio di San Miniato 25 12 Emilbanca 0 08 Shareholders editAs of 20 April 2016Banca Popolare di Vicenza 15 07 Norges Bank 2 086 Palladio Finanziaria 2 044 Fondazione Banca del Monte di Lombardia 2 043 treasury shares 2 005 References edit 2015 Bilancio Consolidato PDF in Italian Cattolica Assicurazioni 6 April 2016 Retrieved 21 April 2016 LE PRINCIPALI IMPRESE ASSICURATRICI ITALIANE 2015 PDF in Italian Ricerche e Studi October 2015 Retrieved 21 April 2016 Total Direct Premiums of the Italian Insurance Market by ANIA 2018 PDF ANIA May 2019 CATTOLICA ASSICURAZIONI CEDE LA PARTECIPAZIONE IN NUOVA BANCA MEDITERRANEA PDF in Italian Cattolica Assicurazioni 12 January 2004 Retrieved 5 April 2016 2006 Bilancio Consolidato 2006 Consolidated Annual Report in Italian Banca Popolare di Cividale 16 May 2007 Retrieved 9 March 2016 CATTOLICA UN NUOVO ACCORDO DI BANCASSICURAZIONE IN SICILIA PDF in Italian Cattolica Assicurazioni 8 August 2000 Retrieved 21 April 2016 JOINT PRESS RELEASE PDF Credito Valtellinese Cattolica Assicurazioni 20 March 2002 Retrieved 24 April 2016 CATTOLICA ASSICURAZIONI AND BANCO POPOLARE DI VERONA E NOVARA SIMPLIFY EQUITY RELATIONSHIPS PDF Cattolica Assicurazioni 19 July 2002 Retrieved 21 April 2016 INCREASINGLY CLOSE COLLABORATION BETWEEN BANCO POPOLARE DI VERONA E NOVARA AND CATTOLICA ASSICURAZIONI PDF Cattolica Assicurazioni 1 June 2002 Retrieved 21 April 2016 BPVN purchase Cattolica s share in Credito Bergamasco in excess of 1 PDF Cattolica Assicurazioni 9 July 2004 Retrieved 21 April 2016 STAKE IN BPV VITA CALL OPTION EXERCISED BY BANCO POPOLARE DI VERONA E NOVARA PDF Cattolica Assicurazioni 28 March 2007 Retrieved 21 April 2016 CATTOLICA ASSICURAZIONI BUYS INTO EUROSAV BANCA POPOLARE DI BARI WITH 50 STAKE PDF Cattolica Assicurazioni 21 November 2002 Retrieved 21 April 2016 CATTOLICA ACQUIRES 15 OF RISPARMIO amp PREVIDENZA FROM BANCO DI SARDEGNA PDF Cattolica Assicurazioni 30 January 2004 Retrieved 21 April 2016 CATTOLICA ASSICURAZIONI AL 100 IN EUROSAV PDF in Italian Cattolica Assicurazioni 28 December 2004 Retrieved 21 April 2016 START OF THE BANKING amp INSURANCE PARTNERSHIP BETWEEN THE CATTOLICA AND BANCA POPOLARE DI VICENZA GROUPS PDF Cattolica Assicurazioni 26 January 2007 Retrieved 24 April 2016 The UBI Banca Group and the Cattolica Group renew agreements for the distribution of life insurance products PDF in Italian UBI Banca Cattolica Assicurazioni 29 July 2010 Retrieved 21 April 2016 CATTOLICA S AGREEMENT WITH GENERALI FOR THE ACQUISITION OF FATA SIGNED PDF Cattolica Assicurazioni 20 November 2013 Retrieved 24 April 2016 MERGER BY INCORPORATION OF FATA ASSICURAZIONI INTO CATTOLICA ASSICURAZIONI PDF Cattolica Assicurazioni 5 April 2016 Retrieved 24 April 2016 CATTOLICA ASSICURAZIONI EXERCISES THE RIGHT OF WITHDRAWAL FROM THE PARTNERSHIP WITH BANCA POPOLARE DI VICENZA PDF Cattolica Assicurazioni 4 August 2016 Retrieved 8 August 2016 External links editOfficial website in Italian Retrieved from https en wikipedia org w index php title Cattolica Assicurazioni amp oldid 1142810500, wikipedia, wiki, book, books, library,
