Finance Week in Verona, CEO Alberto Minali: “2019, operating result of 300 million”
“For Cattolica’s outgoing Board of Directors, a crucial year has ended: great recovery in profits, strengthened real estate, the shareholders’ structure expanded to strong subjects, new bancassurance agreements and the adoption of the one-tier system. All of these factors make us look to the future with optimism.” The Chairman of Cattolica Assicurazioni, Paolo Bedoni, the Chief Executive Officer, Alberto Minali, and the General Director, Valter Trevisani – who attended the Verona Finance Week organised by the Association, Verona Network – spoke of their confidence in the successful development of the 2018-2020 Business Plan, in light of the work carried out to date by the Company’s entire management team.
During the event, Chairman Paolo Bedoni highlighted how in the past year Cattolica’s role had become central for the city of Verona: “The Company has become a key player in relations with the city’s institutions. In particular, I refer to our participation at the Verona trade show and the Fondazione Arena.”
Alberto Minali has the task of focussing on the Company’s international operations, starting with the relationship with financial expert Warren Buffet, a current member who holds a little over 9% of the capital. “Berkshire Hathaway has not only made a financial investment: together, we are designing innovative products in the insurance and reinsurance sectors”, stated Minali. The CEO then recalled the good quarterly performance, especially in non-life and protection, and confirmed the Company’s ambitions for growth. “The 2018 operating result of €231 million has exceeded our expectations thanks to the collective effort of the entire management team”, said Milani. “So we are trust that we will close 2019 at 300 million.”
Cattolica’s teamwork was also remarked upon by GD Valter Trevisani: “The first year of the plan owes its positive conclusion to a group effort by the technical, commercial and even the distribution parties”, concluded Trevisani. “Because the agents also made their contribution. During the upcoming months, we will aim to maintain our position in the auto sector and to strength those in the non-auto and life sectors.”