Italian insurer ousts CEO

Posted On: Nov. 1, 2019 6:48 AM CST

Italian insurer Societa Cattolica di Assicurazione – Societa Cooperativa's has ousted its chief executive, Alberto Minali, citing differences over the insurer's structure, strategy, relations with shareholders and the market, Reuters reported. Cattolica Assicurazioni said that all of Mr. Minali's powers have been transferred to the insurer's managing director Carlo Ferraresi.