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Minali: "Cattolica Assicurazioni does not rule out acquisitions, but not for today"

The CEO of Cattolica Assicurazioni foresees a process of consolidation also in insurance and, once the new business plan has been implemented, he does not exclude that the Veneto-based company may also be a protagonist - Buffett's investment is "non-speculative" - ​​Telematics offer for motor liability

Minali: "Cattolica Assicurazioni does not rule out acquisitions, but not for today"

“For the moment we are focusing on the implementation of our industrial plan. After that, I don't exclude growth through acquisitions” : this is what the CEO of Cattolica Assicurazioni, Alberto Minali, affirms in an interview with the German periodical Borsen Zeitung”.

Indeed, Minali observes that "In Italy there are currently 200 insurance companies on the market" and that "consolidation is foreseeable, even if to a lesser extent than the banks".

The CEO of Cattolica Assicurazioni also dwells on the recent entry into the capital of the Venetian company of King Midas of American finance, Warren Buffett and excludes that it is a speculative investment but adds that "there are large investment funds that are watching us and everyone is welcome".

Finally, in the interview, Minali explains that Cattolica's new business model "envisages increasing the online offer for our customers" and that "already in the month of May a telematic offer will be introduced for car insurance and then in the Life branch”.

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