Following the decision of IVASS to temporarily suspend the right of policyholders to exercise surrenders regulated by insurance and capitalization contracts stipulated with Eurovita S.p.A., five of the main insurance companies operating in Italy (Allianz, Intesa Vita, Generali Italia, Poste Vita, Unipol SAI) and 25 of the banks who distributed Eurovita products entered into an agreement of a system solution, with no use of public resources, with the aim to fully protect clients and manage the business including the insurance portfolio of Eurovita.
 
It is envisaged that, upon completion of the transaction, the business including the insurance portfolio of distributors banks (listed below) will be taken over by the five companies that will therefore become the new reference insurance companies for current policyholders. Furthermore, the plan requires the initial transfer of the business to a newly established insurance company, which will be fully owned and funded by the five insurance companies mentioned.
 
The following banks/banking groups distributors joined the agreement: Banca Agricola Popolare di Ragusa, Banca di Credito Popolare, Banca di Piacenza, Banca Fideuram, Banca Investis, Banca Popolare dell’Alto Adige, Banca Popolare di Lajatico, Banca Popolare di Puglia e Basilicata, Banca Popolare Sant’Angelo, Banca Profilo, Banco Desio, BNL, Cassa di Risparmio di Volterra, Cassa Lombarda, FinecoBank, Finint Private Bank, Gruppo Banca Monte dei Paschi di Siena, Gruppo BCC Iccrea, Gruppo Cassa Centrale Banca, Gruppo Cassa di Risparmio di Bolzano, Gruppo Credem, Gruppo Credit Agricole, Gruppo Unicredit, Mediobanca, UBS EUROPE SE – Succursale Italia.
 

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