Home Credit Ratings and Research S&P Global Ratings’ Credit Research Societa Cattolica di Assicurazione

Summary: Societa Cattolica di Assicurazione

Published Jun 30, 2008

788 words — Published Jun 30, 2008

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About This Report

Abstract:

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 the group's weakened operating performance and reduced growth that could hinder its competitive position. Cattolica has a strong competitive position as the seventh-largest Italian insurer and benefits from a sound bancassurance strategy and well-recognized agency force for the distribution of life and property/casualty (P/C) products respectively. Diversification within life and P/C is good. We expect the strategic alliance with Banca Popolare di Vicenza ScpA (BPVi; A-/Stable/A-2) signed in March 2007 to allow the insurer to partly offset the decrease in life business due to the cancellation of the Banco Popolare di Verona

Brief Excerpt:

RESEARCH Summary: Societa Cattolica di Assicurazione Publication date: 30-Jun-2008 Primary Credit Analyst: Paola Del Curatolo, Milan (39) 0272111228; paola_del_curatolo@standardandpoors.com Secondary Credit Analyst: Laura Santori,...

Report Type:

Summary

Ticker

CASS@IM

Issuer

Societa Cattolica di Assicurazione

GICS

Life & Health Insurance (40301020)

Sector

Global Issuers

Country

Italy

Region

Europe, Middle East, Africa

Format:

HTML

Societa Cattolica di Assicurazione – 2009/06/24 – US$ 500.00

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

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 – 2008/06/30 – US$ 500.00

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

Societa Cattolica di Assicurazione – 2007/03/30 – US$ 500.00

Summary: Societa Cattolica di Assicurazione – 2007/03/30 – US$ 225.00

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MLA:	S&P Global Ratings’ Credit Research. "Summary: Societa Cattolica di Assicurazione" Jun 30, 2008. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Societa-Cattolica-di-Assicurazione-656952>

APA:	S&P Global Ratings’ Credit Research. (). Summary: Societa Cattolica di Assicurazione Jun 30, 2008. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Societa-Cattolica-di-Assicurazione-656952>

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