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Societa Cattolica di Assicurazione

Published Jun 24, 2009

4782 words — Published Jun 24, 2009

Price US$ 500.00 | Buy this Report Now

About This Report

Abstract:

Strong competitive position Strong financial flexibility High dependency on third-party distribution and particularly on a single bank network. The ratings on Italy-based composite insurer Società Cattolica di Assicurazione (Cattolica) reflect its strong competitive position in the Italian insurance market and strong financial flexibility. Offsetting factors are Cattolica's high dependency on third-party distribution and particularly on one single bank network. Cattolica has a strong competitive position as the sixth-largest Italian insurer. It benefits from a sound bancassurance strategy and well-recognized agency force for the distribution of life and property/casualty (P/C). Total gross premiums written (GPW) were well diversified at year-end 2008 between life (58%) and P/C (42%). The life product mix is also well balanced between traditional (58% of life GPW)

Brief Excerpt:

RESEARCH Societa Cattolica di Assicurazione Publication date: 24-Jun-2009 Primary Credit Analyst: Paola Del Curatolo, Milan (39) 0272111228; paola_del_curatolo@standardandpoors.com Secondary Credit Analyst: Laura Santori, Paris (33)...

Report Type:

Full Report

Ticker

CASS@IM

Issuer

Societa Cattolica di Assicurazione

GICS

Life & Health Insurance (40301020)

Sector

Global Issuers, Structured Finance

Country

Italy

Region

Europe, Middle East, Africa

Format:

HTML

Bulletin: Italy-Based Insurer Cattolica Ratings And Outlook Unchanged – 2010/03/26 – Free

Cattolica Outlook Revised To Stable On Improving P/C Results And Consolidated Competitive Position; Affirmed At 'A-' – 2010/09/22 – US$ 150.00

Research Update: Cattolica Outlook Revised To Stable On Improving P/C Results And Consolidated Competitive Position; Affirmed At 'A-' – 2010/09/22 – US$ 225.00

Societa Cattolica di Assicurazione – 2010/09/30 – US$ 500.00

Summary: Societa Cattolica di Assicurazione – 2010/09/30 – US$ 225.00

Summary: Societa Cattolica di Assicurazione – 2009/06/24 – US$ 225.00

Societa Cattolica di Assicurazione – 2008/06/30 – US$ 500.00

Summary: Societa Cattolica di Assicurazione – 2008/06/30 – US$ 225.00

Italian Insurer Societa Cattolica di Assicurazione Outlook To Negative; 'A-' Ratings Affirmed – 2008/06/25 – US$ 150.00

Research Update: Italian Insurer Societa Cattolica di Assicurazione Outlook To Negative; 'A-' Ratings Affirmed – 2008/06/25 – US$ 225.00

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Societa Cattolica di Assicurazione" Jun 24, 2009. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Societa-Cattolica-di-Assicurazione-729611>

APA:	S&P Global Ratings’ Credit Research. (). Societa Cattolica di Assicurazione Jun 24, 2009. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Societa-Cattolica-di-Assicurazione-729611>

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