“CertAsig is a flexible and dynamic company. This partnership allows us to consolidate our position in the markets we operate,” said company officials.
CertAsig did not disclose the amount invested or the stake bought by ABC Assevera.
It said its available capital will be double the requisite under Solvency II standards after this investment. The deal is pending regulatory approval.
CertAsig was founded in 2003 and focuses on corporate insurance. It is majority owned by European investment fund Royalton Capital Investors II.
ABC Assevera S.p.A. is an investment company headquartered in Rome and has a share capital of EUR20 million.