Edition:
India

Andrea Mandala

UPDATE 1-Italian insurer Cattolica told to boost capital after solvency hit

01 Jun 2020

* Cattolica to sell Tier 1 bond, new shares to raise cash (Add details)

Italy's Cattolica says could expand insurance JV with Banco BPM

18 May 2020

MILAN Italian insurer Cattolica Assicurazioni could expand an insurance partnership with bank Banco BPM, while the fate of a similar joint venture with rival UBI is still unclear, the company's CFO said on Monday.

UnipolSai confident of meeting targets despite coronavirus

15 May 2020

MILANO Italy's second largest insurer UnipolSai said on Friday it was confident of meeting its 2020 targets on expectations that declining motor claims and measures to offset market volatility would outweigh the impact of the COVID-19 crisis.

UPDATE 1-UnipolSai confident of meeting targets despite coronavirus

15 May 2020

MILANO, May 15 Italy's second largest insurer UnipolSai said on Friday it was confident of meeting its 2020 targets on expectations that declining motor claims and measures to offset market volatility would outweigh the impact of the COVID-19 crisis.

Italy antitrust watchdog digs deeper into Intesa's UBI bid

13 May 2020

MILAN Italy's antitrust watchdog said on Tuesday it has opened an inquiry into Intesa Sanpaolo's proposed takeover of rival UBI Banca to assess the impact of the deal on the industry given its significance.

Italy's UBI Banca can weather crisis as profit tops forecast

08 May 2020

MILANO Italy's UBI Banca, the target of an unsolicited takeover bid by rival Intesa Sanpaolo, said on Friday it could weather the coronavirus crisis as it reported better than expected net profit for the first quarter.

Italy's BPER posts sharp profit drop on more virus provisions

07 May 2020

MILANO Italy's sixth-largest lender BPER Banca posted an 87% drop in first-quarter profit on Wednesday after further loan writedowns to offset the early impact of the COVID-19 pandemic.

UPDATE 1-Italy's BPER posts sharp profit drop on more virus provisions

07 May 2020

MILANO, May 6 Italy's sixth-largest lender BPER Banca posted an 87% drop in first-quarter profit on Wednesday after further loan writedowns to offset the early impact of the COVID-19 pandemic.

RPT-INSIGHT-Italy wants to reopen. Businesses ask: where's the money?

28 Apr 2020

AMELIA, Italy, April 27 When the COVID-19 pandemic forced Roberto Ferraro to shut the patisserie he runs in Amelia, a scenic hilltop town in central Italy, he had just rented out a new site to increase production of ice cream and start selling it abroad.

Italy wants to reopen. Businesses ask: where's the money?

27 Apr 2020

AMELIA, Italy When the COVID-19 pandemic forced Roberto Ferraro to shut the patisserie he runs in Amelia, a scenic hilltop town in central Italy, he had just rented out a new site to increase production of ice cream and start selling it abroad. | Video

World News