Italy’s Regulator Asks Insurer Cattolica to Boost Its Capital by $557M on COVID-19 Impact

Italy’s insurance regulator IVASS has asked Cattolica Assicurazioni to boost its capital by 500 million euros ($557 million) and draw up a plan to strengthen its solvency and liquidity position, the insurer said on Monday. Shares in the company fell …

from News – Insurance Journal