Prima Assicurazioni, here are accounts and news in the company after Genovese’s arrest

Prima Assicurazioni, here are accounts and news in the company after Genovese's arrest

Facts, numbers and positions of Prima Assicurazioni, after the arrest of the CEO and President Alberto Genovese

Prima Assicurazioni unloads Alberto Genovese, a businessman arrested days ago . The board of directors, at the same time as his resignation as president, decided to remove Genovese from the position of CEO.

PRIMA ASSICURAZIONI REMOVES GENOVESE FROM THE POSITION OF CEO

Let's start with the latest news. The Prima Assicurazioni board of directors removed Alberto Genovese from the position of CEO with immediate effect, at the same time as his resignation from the office of Chairman.

The company also states that "Prima Assicurazioni immediately took seriously the serious accusations against the former chairman and the company's thoughts are addressed to all those affected".

THE NEW CEO

The interim ceo and the president have already been appointed: it is George Ottathycal Kuruvilla, who owns 1.8% of Prima Assicurazioni.

The choice was made to ensure "full business continuity". Prima Assicurazioni, the company highlights, is “aware of the importance of protecting all stakeholders, is launching an independent review”.

THE SHAREHOLDERS

Albero Genovese is the first shareholder of Prima, with 58.3%. Second shareholder is Hexagon holdings, with approximately 11%. Octagon holdings owns 9.6% of Prima Assicurazioni, while Elq investors owns 6.5% and 4.7%.

Beluga holding owns 4.2%. Among the other minority shareholders also Massimo Bambini.

THE NUMBERS

Prima Assicurazioni boasts 900,000 customers and closed 2019 with total revenues of 27,996,143, a marked increase compared to the 17,046,272 euros of 31 December 2018. However, the losses also increased: 14,338,749 euros against the 420,314 euros of red. of 2018.

Costs went up to € 42,337,316 (€ 17,387,801 in 2018).

RELATIONS WITH MUNICH RE

The company – reads the website – “is an insurance intermediary, registered in Section A of the Single Register of Insurance Intermediaries, which distributes Great Lakes Insurance SE (Munich Re Group) products”.

WHO IS ALBERTO GENOVESE

Alberto Genovese, arrested on Saturday 7 November in Milan, is in custody in custody. The businessman is accused of sexual assault on an 18-year-old girl.

Genovese is one of the founders of Facile.it, one of the most well-known fare comparators, which he sold for 100 million euros . In 2018, Genovese created Prima Assicurazioni, a digital agency specializing in liability insurance for cars, motorcycles and vans.


This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/prima-assicurazioni-ecco-conti-e-novita-nella-societa-dopo-larresto-di-genovese/ on Sat, 14 Nov 2020 07:06:51 +0000.