Cattolica scraps RT1 plans after Generali rescue

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Cattolica scraps RT1 plans after Generali rescue

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Generali agreed to take a large stake in fellow Italian insurance company Cattolica this week. The deal includes plans for a €500m capital increase, which takes the pressure off Cattolica to boost its solvency position and means the firm will no longer seek to access the market for restricted tier one debt.

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