DOCSLIB.ORG

2019 Annual Report on Directors' Remuneration

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2019 Annual Report on Directors' Remuneration BANCO SANTANDER, S.A. 2019 INFORMATION ON CORPORATE GOVERNANCE AND REMUNERATIONS • 2019 annual corporate governance report • 2019 annual remunerations report • 2019 activities reports of the audit; appointments; remunerations; risk, supervision and compliance; responsible banking, sustainability and culture; and innovation and technology committees The corporate governance chapter of the consolidated directors’ report that forms part of the 2019 Annual Report of Banco Santander, S.A. ('Santander') is attached. The entire document is available on the corporate website (www.santander.com). This chapter includes the content of the 2019 annual corporate governance and remunerations report, drafted in a free format as last year according to the provisions of the relevant regulation of the the Spanish National Securities Market Commission (Comisión Nacional del Mercado de Valores), as well as the 2019 activities reports of the audit; appointments; remuneration; risk supervision, regulation and compliance; responsible banking, sustainability culture; and innovation and technology committees. The chapter must be read in conjunction with the other sections of the 2019 Annual Report given it forms part of it. In addition, due to that circumstance, it must be noted that the automatic links to other sections that are included in the attached document will not work. The references to find the above mentioned information within the attached chapter are the following: • 2019 annual corporate governance report Entire corporate governance chapter • 2019 annual remunerations report Sections 6 (excluding section 6.6), 9.4 and 9.5 • 2019 activities reports of the audit; Sections 4.5, 4.6, 4.7, 4.8, 4.9 and 4.10, respectively appointments; remunerations; risk, supervision and compliance; responsible banking, sustainability and culture; and innovation and technology committees Corporate governance a 1. Overview of corporate governance in 2019 148 5. Management team 212 Structure of our corporate governance report 148 6. Remuneration 214 1.1 Renewing the board 148 6.1 Principles of the remuneration policy 214 1.2 Responsible banking as a cornerstone of our corporate 6.2 Remuneration of directors for the performance of governance 149 supervisory and collective decision-making duties policy 1.3 Achieving our 2019 priorities 150 applied in 2019 214 1.4 Continued improvement in corporate governance 152 6.3 Remuneration of directors for the performance of executive duties 217 1.5 Priorities for 2020 152 6.4 Directors remuneration policy for 2020, 2021 and 2022 2. Ownership structure 154 that is submitted to a binding vote of the shareholders 227 2.1 Share capital 154 6.5 Preparatory work and decision-making process with a description of the participation of the remuneration 2.2 Authority to increase capital 154 committee 233 2.3 Significant shareholders 155 6.6 Remuneration of non-director members of senior 2.4 Shareholders' agreements 156 management 233 2.5 Treasury shares 156 6.7 Prudentially significant disclosures document 234 2.6 Stock market information 157 7. Group structure and internal governance 236 3. Shareholders. Engagement and shareholders meeting 159 7.1 Corporate Centre 236 3.1 Shareholder communication and engagement 159 7.2 Internal governance of the Group 236 3.2 Shareholder rights 161 8. Internal control over financial reporting (ICFR) 238 3.3 Dividends 163 8.1 Control environment 238 3.4 2019 AGM 163 8.2 Risk assessment in financial reporting 239 3.5 2019 EGM 165 8.3 Control activities 240 3.6 Our coming 2020 AGM 165 8.4 Information and communication 242 4. Board of directors 168 8.5 Monitoring 244 4.1 Our directors 170 8.6 External auditor report 245 4.2 Board composition 175 9. Other corporate governance information 248 4.3 Board functioning and effectiveness 182 9.1 Reconciliation to the CNMV's corporate governance report model 4.4 Executive committee activities in 2019 189 248 4.5 Audit committee activities in 2019 190 9.2 Statistical information on corporate governance required by the CNMV 251 4.6 Appointments committee activities in 2019 194 9.3 Cross reference table for comply or explain in corporate 4.7 Remuneration committee activities in 2019 197 governance recommendations 272 4.8 Risk supervision, regulation and compliance committee 9.4 Remuneration to the CNMV's remuneration report model 274 activities in 2019 201 9.5 Statistical information on remuneration required by the 4.9 Responsible banking, sustainability and culture CNMV 275 committee activities in 2019 204 4.10 Innovation and technology committee activities in 2019 207 4.11 International advisory board 209 4.12 Related-party transactions and conflicts of interest 209 Table of Contents 1. Overview of corporate governance in 2019 Structure of our corporate governance report On 12 June 2018, the Spanish National Securities Market 'Remuneration') and (2) our directors’ remuneration Commission (CNMV) approved new formats for the annual policy (see section 6.4 'Directors remuneration policy for corporate governance and remuneration reports Spanish 2020, 2021 and 2022 that is submitted to a binding vote companies are required to submit and, more importantly, of the shareholders'); allowed companies to draft their reports in a free format. • Provides in section 9.1 'Reconciliation with the CNMV’s As in 2018, the 2019 corporate governance report in this corporate governance report model' and section 9.4 chapter of the annual report follows a free format. Using 'Reconciliation with the CNMV’s remuneration report such free format allows this 2019 corporate governance model' cross references to where information can be report to include in one single document content that was found in this chapter or elsewhere in this annual report previously included in at least five different documents. for each section of the corporate governance and remuneration reports in the CNMV's prescribed format; The information below is provided to understand how this and chapter is organised and how it relates to the documents we published before 2018. This chapter and report: • Provides in section 9.3 'Table on compliance with, and explanations of, recommendations on corporate • Merges (1) the summary content on corporate governance' cross-references showing where the governance that we typically included in the annual information supporting each response for all report and (2) the legally required content for the recommendations in the Spanish Corporate Governance corporate governance report itself; Code for Listed Companies can be found in this 2019 • Includes the content that was previously set out in the corporate governance chapter or elsewhere in this annual reports on the activities of the board of directors’ report. committees (see sections 4.5, 4.6, 4.7 and 4.8); • In addition, this 2019 corporate governance report • Includes (1) the annual report on directors’ remuneration includes reports on the activities of the responsible that we are required to prepare and submit to a banking, sustainability and culture committee and of the consultative vote at our 2020 annual general innovation and technology committee (see sections 4.9 shareholders’ meeting (AGM) (see section 6 and 4.10). 1.1 Renewing the board Continued improvement in the board's composition Throughout 2019, we continued to renew and strengthen acquired through top positions held in companies such as the board, reflecting our strong commitment to ensuring Yahoo! Inc. and Google, Inc. For more information see balance and diversity. This renewal was conducted in line section 4.1 'Our directors'. with our policy for the selection, suitability assessment and • Mrs Pamela Walkden was appointed independent succession of directors, reviewed by the board in February director on 29 October 2019 through co-option. She filled 2019, which replaced the target for 30% of women the vacancy left by independent director Mr Carlos representation on the board, set in January 2016, to a new Fernández González. The ratification of her appointment target to reach a 40-60% women representation by 2021. has been submitted by the board of directors to our 2020 Additionally, in February 2020 we reinforced our process of annual general shareholders' meeting (2020 AGM). See succession planning for the board and we reviewed again section 3.6 'Our coming 2020 AGM'. said policy, which will be submitted for approval of the board in March 2020. Mrs Pamela Walkden brings to the board greater gender and geographic diversity, as well as a broad international The main board changes in 2019 were as follows: experience in the banking industry and audit , as she has • Mr Henrique de Castro was appointed independent held a number of senior management positions at director at our 2019 annual general shareholders' Standard Chartered Bank over a period of nearly 30 years. meeting (2019 AGM). He filled the vacancy left by With her appointment, we achieved our gender equality independent director Mr Juan Miguel Villar Mir on 1 target established in the policy for the selection, January 2019. suitability assessment and succession of directors more than one year ahead of the established target date. For Mr Henrique de Castro brings to the board his sound more information see section 4.1 'Our directors'. experience in the technological and digital industry along with significant experience in the US market, which he 148 2019 Annual Report Responsible Corporate Economic Risk management banking governance and financial review and control • Mr Rodrigo Echenique continues as a director but ceased to be vice chairman of the Board and to perform his Board committees executive functions on 1 May 2019. The board has made changes to the composition of its The following changes have been proposed for 2020: committees, in order to continue strengthening their functioning and support to the board in their respective • Mr Luis Isasi's appointment as a new external director has areas of action, according to the best international practices been proposed by the board of directors to the 2020 AGM and internal rules and regulations.
Load more

Recommended publications
  • Aviva to Sell Italian Joint Venture to Banco Bpm
    25 August 2017 AVIVA TO SELL ITALIAN JOINT VENTURE TO BANCO BPM Aviva Italia Holding SpA ("Aviva") today announces that it has exercised an option to sell its entire 50% shareholding in its joint venture in Italy, Avipop Assicurazioni S.p.A. ("the joint venture") and its wholly owned subsidiary Avipop Vita S.p.A. ("AV") to Banco BPM S.p.A [1] ("Banco BPM"). The joint venture is owned by Aviva and Banco BPM and, together with AV, distributes life and general insurance products in Italy through Banco BPM's bank branch network. Today's announcement follows a notification received by Aviva on 29 June 2017 of Banco BPM's intention to not renew its bancassurance agreement with Aviva. In 2016, the two businesses contributed £0.2bn to Aviva's IFRS net assets 2 and generated approximately £14m IFRS operating profit before tax3. Aviva formed a bancassurance partnership in protection and general insurance with the former Banco Popolare in 2007. As is customary in bancassurance arrangements, the original agreement between Aviva and Banco Popolare included an option for Aviva to sell its entire shareholding to the bank in the event of a termination of the distribution agreement. The value of the put option will be determined according to terms set out in the shareholders' agreement and will be announced in due course. Proceeds will be received in cash on completion. Aviva's joint ventures in Italy with UBI, UniCredit, as well as business units Aviva Life S.p.A. and Aviva Italia S.p.A. are unaffected. Aviva Italy offers life and general insurance products to over two million customers.
    [Show full text]
  • Aviva Italy Presentation 2004
    Aviva Italy Italy’s pre-eminent bancassurer Cesare Brugola ©Avivaplc Agenda • Growth market and Aviva’s positioning • Bancassurance partnerships • Products • Shareholder value • Future opportunities © Aviva plc Slide 77 The Italian Life Market High Growth of almost 20% Per Annum Over Last 6 Years – twice as fast as any other European market Premium Income 1998 - 2004 * 80000 * 70000* 70000 62780 60000 55298 50000 46328 €m 39784 40000 35597 30000 26483 20000 10000 0 1998 1999 2000 2001 2002 2003 2004 © Aviva plc Source: ANIA - * estimates – 02.2004 Slide 78 The Italian Life Market Generali Group 13,916,720 Allianz Group 8,945,350 San Paolo - 7,181,340 Fideuram Group Unipol Group 5,061,150 Aviva top five by end 2005 ? Poste Vita 4,489,480 Cattolica Group 2,819,920 Aviva Group 2,469,878 Monte Dei Paschi Di 2,389,900 Siena Group 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000 12,000,000 14,000,000 © Aviva plc Source: ANIA, Total Premium Income 2003 Slide 79 • Italian market and Aviva’s positioning • Bancassurance partnerships • Products • Shareholder value • Future opportunities © Aviva plc Slide 80 Broadening and Building Partnerships New bancassurance partnership 2000 2001 with Banca Popolare Commercio e 2004 BPU agreement New bancassurance partnership Industria (now Banche Popolari extended to include with Banca delle Marche Unite) BPB branches New New Extended distribution bancassurance bancassurance through former ING partnership with 2000 partnership with 2002 2004 Bank distributors UniCredito Banca Popolare di Lodi 300 279.5m Annual Growth 243.5m 250 Rate: 43% 202.9m 200 150 95.1m A.P.E.
    [Show full text]
  • Rassegna Stampa Del 12/05/2014
    SNA Rassegna Stampa del 12/05/2014 La proprietà intellettuale degli articoli è delle fonti (quotidiani o altro) specificate all'inizio degli stessi; ogni riproduzione totale o parziale del loro contenuto per fini che esulano da un utilizzo di Rassegna Stampa è compiuta sotto la responsabilità di chi la esegue; MIMESI s.r.l. declina ogni responsabilità derivante da un uso improprio dello strumento o comunque non conforme a quanto specificato nei contratti di adesione al servizio. INDICE SNA 10/05/2014 Il Sole 24 Ore - PLUS 24 5 Pensioni agenti assicurativi, Fonage a rischio commissario ALTRE ASSOCIAZIONI Il capitolo non contiene articoli SCENARIO ASSICURAZIONI 11/05/2014 Corriere della Sera - Nazionale 7 «Axa punta sul mercato italiano Montepaschi, alleanza più stretta» 11/05/2014 Il Sole 24 Ore 9 Se il mercato cambia le maggioranze 12/05/2014 Il Sole 24 Ore 10 Giovani, selezioni aperte dal retail alle banche 10/05/2014 La Stampa - Alessandria 12 Un "polo" dedicato ai motori ora con la concessionaria Leauto 10/05/2014 ItaliaOggi 13 I tributaristi in società 12/05/2014 La Repubblica - Affari Finanza 14 Piccolo e a rischio di estinzione l'albergo cerca aiuto 12/05/2014 Corriere Economia 15 Spese Caccia all'ultimo risparmio 12/05/2014 Corriere Economia 17 Busta arancione per tutti 12/05/2014 Corriere Economia 19 Eventi La festa si avvicina Le aziende aprono le porte 12/05/2014 Corriere Economia 23 Portafogli Cercasi un paracadute anti-tasse 12/05/2014 Corriere Economia 25 Holding e trust Passare la mano così è più facile 12/05/2014 ItaliaOggi
    [Show full text]
  • Anno IX N. 3/2021
    Bollettino di Vigilanza Anno IX n. 3/2021 Pubblicato il 30 aprile 2021 2 (decreto legge 6 luglio 2012 n. 95 convertito con legge 7 agosto 2012 n. 135) Registrazione presso il Tribunale di Roma n. 278/2006 del 14 luglio 2006 Direzione e Redazione presso l’Istituto per la vigilanza sulle assicurazioni Direttore responsabile Roberto NOVELLI Indirizzo via del Quirinale 21 – 00187 ROMA Telefono +39 06 42133.1 Fax +39 06 42133.775 Sito internet http://www.ivass.it Tutti i diritti riservati. È consentita la riproduzione a fini didattici e non commerciali, a condizione che venga citata la fonte ISSN 2420-9155 (online) 4 Indice 1. PROVVEDIMENTI ......................................................................................................... 3 1.1 PROVVEDIMENTI RIGUARDANTI SINGOLE IMPRESE .............................................. 5 Provvedimento prot. n. 0048462/21 del 5 marzo 2021 .................................................. 5 TUA Assicurazioni S.p.A. - Autorizzazione ad estendere l'esercizio dell'attività assicurativa ai rami danni 4. Corpi di veicoli ferroviari, 5. Corpi di veicoli aerei e 11. Responsabilità civile aeromobili, di cui all'art. 2, comma 3, del decreto legislativo 7 settembre 2005, n. 209. Provvedimento. ................................................. 5 Provvedimento prot. n. 0051594/21 del 10 marzo 2021................................................. 6 Autorizzazione, ai sensi dell'art. 68 del decreto legislativo 7 settembre 2005, n. 209, all'acquisizione da parte di HDI V.a.G. e HDI Assicurazioni S.p.A. dell’intero capitale sociale di Amissima Assicurazioni S.p.A.. Provvedimento. ......... 6 Provvedimento prot. n. 0051595/21 del 10 marzo 2021................................................. 7 Autorizzazione, ai sensi dell'art. 68 del decreto legislativo 7 settembre 2005, n. 209, all'assunzione da parte di Intesa Sanpaolo S.p.A.
    [Show full text]
  • Area Life International Assurance DAC
    Area Life International Assurance DAC Report of the Independent Actuary on the proposed Scheme to transfer the business of Area Life International Assurance DAC to Aviva Life and Pensions Ireland DAC Prepared by: Gordon Wood Date: November 2019 Aviva: Confidential Executive summary Contents…………………………………………….…………….……… ...................................... 1 1. Executive summary .......................................................................................................... 2 1.1 Overview................................................................................................................................................ 2 1.2 Basis for opinion .................................................................................................................................... 2 1.3 Conclusions ........................................................................................................................................... 2 1.4 Supplementary Letter ........................................................................................................................... 3 2. Introduction ...................................................................................................................... 4 2.1 Independent Actuary ............................................................................................................................. 4 2.2 Purpose of this Report ........................................................................................................................... 4 2.3
    [Show full text]
  • Ricerca Workshop Formazione Advisory Years
    RICERCA WORKSHOP FORMAZIONE ADVISORY YEARS 2 ORGANI DEL CENTRO TIF | ATTIVITÀ 2020 | TIF | ATTIVITÀ e C Direttore: Prof. Federico Rajola COMITATO DI PROGRAMMA Segretario: Prof. Chiara Frigerio ASSICURAZIONI • Dott. Raffaele Agrusti, COMITATO DIRETTIVO ITAS Assicurazioni • Prof. Federico Rajola, • Dott. Elena Bellizzi, IVASS Facoltà di Economia, Università Cattolica • Ing. Gianpiero Brignoli, Helvetia • Prof. Chiara Frigerio, • Dott. Giacomo Campora, Allianz Facoltà di Economia, Università Cattolica • Dott. Carlo Cimbri, • Prof. Mario Anolli, Facoltà di Scienze Unipol Gruppo Finanziario Bancarie, Finanziarie e Assicurative, • Dott. Vincenzo Cirasola, ANAPA Università Cattolica • Dott. Angelo Doni, ANIA • Dott. Mario Gatti, rappresentante • Dott. Luca Filippone, amministrativo, Università Cattolica Reale Mutua Assicurazioni • Dott. Ruggero Frecchiami, Assimoco COMITATO SCIENTIFICO • Prof. Paolo Garonna, FeBAF • Prof. Albert Angehrn, Insead (F) • Dott. Massimo Mamino, • Prof. Dieter Bartmann, Università Cattolica di Milano Università di Regensburg (D) • Dott. Andrea Sabìa, Bene Assicurazioni • Prof. Andrea Carignani, IULM, Milano • Dott. Alessandro Santoliquido, • Prof. Franco Fontana, LUISS, Roma Amissima Assicurazioni • Prof. Paolo Gubitta, Università di Padova • Dott. Marco Sesana, Generali Italia • Prof. Marcello Martinez, • Dott. Gianluca Venturini Guerrini, II Università degli Studi di Napoli AON Benfield Italia • Prof. Ferdinando Pennarola, Università Bocconi, Milano • Prof. Giovanni Petrella, Università Cattolica, Milano • Prof. Robert
    [Show full text]
  • Corporate Structuresof of Independent Independent – Continued Insurance Adjusters, Adjusters Inc
    NEW YORK PENNSYLVANIANEW YORK New York Association of Independent Adjusters, Inc. PennsylvaniaNew York Association AssociationCorporate of of Independent Independent Structures Insurance Adjusters, Adjusters Inc. 1111 Route 110, Suite 320, Farmingdale, NY 11735 1111 Route 110,110 Suite Homeland 320, Farmingdale, Avenue NY 11735 E-Mail: [email protected] section presents an alphabetical listing of insurance groups, displaying their organizational structure. Companies in italics are non-insurance entities. The effective date of this listing is as of July 2, 2018. E-Mail:Baltimore, [email protected] MD 21212 www.nyadjusters.org www.nyadjusters.orgTel.: 410-206-3155 AMB# COMPANY DOMICILEFax %: OWN 215-540-4408AMB# COMPANY DOMICILE % OWN 051956 ACCC HOLDING CORPORATION Email: [email protected] AES CORPORATION 012156 ACCC Insurance Company TX www.paiia.com100.00 075701 AES Global Insurance Company VT 100.00 PRESIDENT 058302 ACCEPTANCEPRESIDENT INSURANCE VICECOS INC PRESIDENT 058700 AETNA INC. VICE PRESIDENT Margaret A. Reilly 002681 Acceptance Insurance Company Kimberly LabellNE 100.00 051208 Aetna International Inc CT 100.00 Margaret A. Reilly PRESIDENT033722 Aetna Global Benefits (BM) Ltd Kimberly BermudaLabell 100.00 033652 ACCIDENT INS CO, INC. HC, INC. 033335 Spinnaker Topco Limited Bermuda 100.00 012674 Accident Insurance Company Inc NM Brian100.00 Miller WEST REGIONAL VP 033336 Spinnaker Bidco Limited United Kingdom 100.00 058304 ACMATVICE CORPORATION PRESIDENT 033337 Aetna Holdco (UK) LimitedEXECUTIVEWEST REGIONAL SECRETARYUnited Kingdom VP 100.00 050756 ACSTAR Holdings Inc William R. WestfieldDE 100.00 078652 Aetna Insurance Co Ltd United Kingdom 100.00 010607 ACSTARDavid Insurance Musante Company IL 100.00 091442 Aetna Health Ins Co Europe DAC WilliamNorman R.
    [Show full text]
  • (Tariffe U02B-U02C) Aviva Life Spa, Impresa Che Commercializza Il
    AVIVA BEST FUNDS (Tariffe U02B-U02C) Aviva Life S.p.A., Impresa che commercializza il presente Contratto, fa capo al Gruppo inglese Aviva Plc, è controllata al 100 per cento da Aviva Italia Holding S.p.A.. Il prodotto viene distribuito da Credito Emiliano S.p.A. e da Banca Euromobiliare S.p.A., appartenenti al Gruppo Bancario Credito Emiliano. Nell’ambito di tali rapporti sono state pertanto individuate le seguenti situazioni passibili di conflitto di interesse: è prevista la possibilità di collegare al Contratto OICR promossi o gestiti da imprese appartenenti al Gruppo Aviva plc o in altri strumenti finanziari emessi da società del Gruppo Aviva; l’Impresa ha stipulato accordi con Società di Gestione del Risparmio, che possono anche essere riconducibili a rapporti di Gruppo, che prevedono il riconoscimento di utilità. Si precisa che tali utilità vengono interamente riconosciute agli Investitori-contraenti in modo indiretto attraverso il riconoscimento gratuito di Quote di OICR. AVIVA BUSINESS TFM (Tariffa CC02) Aviva Life S.p.A., Impresa che commercializza il presente Contratto, fa capo al Gruppo inglese Aviva Plc, è controllata al 100 per cento da Aviva Italia Holding S.p.A.. Il prodotto viene distribuito da Agenzie/Broker/SIM/Banche indipendenti dal Gruppo Aviva. Nell’ambito di tali rapporti sono state pertanto individuate le seguenti situazioni passibili di conflitto di interesse: è prevista la possibilità che il patrimonio della Gestione interna separata sia investito in parti di OICR promossi o gestiti da imprese appartenenti al Gruppo Aviva Plc o in altri strumenti finanziari emessi da società del Gruppo Aviva; attualmente l’Impresa ha affidato la gestione ad Aviva Investors France, appartenente al Gruppo Aviva Plc; qualora gli OICR prevedano il riconoscimento di utilità, queste saranno calcolate sul patrimonio medio mensile investito negli stessi OICR e saranno riconosciute indirettamente ai Contraenti, mediante attribuzione ai componenti positivi di reddito che determinano il rendimento della Gestione Interna Separata.
    [Show full text]
  • I Chisaleechi
    Il Sole-24 Ore 42 Finanza & Mercati Venerdì 26 Ottobre 2007 - N. 294 Classifiche. Nel rapporto Mediobanca sui bilanci 2006 Eni si conferma al vertice per fatturato e utile I big del credito La top ten delle polizze Classifica delle banche italiane per totale dell’at- Classifica delle compagnie assicurative per pre- tivo tangibile 2006. In miliardi di euro mi lordi 2006. In miliardi di euro Totale attivo Premi Il «miracolo» medie aziende tangibile lordi e Unicredito Italiano 809,95 e Assicurazioni Generali 63,41 Aumenta lo slancio delle imprese attive nel made in Italy r Banca Intesa 290,40 r Fondiaria-Sai 9,98 t Sanpaolo-Imi 286,20 t Unipol 8,78 u Mps 157,80 u Ras 6,60 Antonella Olivieri smette i bilanci per il rapporto ta allargata a ricomprendere, ol- i Capitalia 135,39 i Postevita 5,99 È un’Italia "immobile" quel- Mediobanca, ma ha chiuso il tre alle medie aziende (fatturato La classifica dell’industria o Bnl o Cattolica Assicurazioni la dei big del capitalismo nostra- 2006con perdite per664 milioni finoa290milioni, menodi500di- 87,99 4,41 no. Non è cambiato nulla nelle (-1773milioni nel2005). pendenti),anchelemedio-grandi Graduatoria per fatturato delle società industriali e di servizi. p Bpu Banca 72,90 p Mediolanum 3,35 In miliardi di euro prime otto posizioni della gra- (fatturato inferiore a 2 miliardi o a Bpvn 68,25 a Bnl Vita 3,15 duatoria 2006 dell’industria e Le medie aziende in corsa più di 500 dipendenti). Nella pri- Fatturato Graduatoria dei servizi della Penisola. Per Come di consueto l’ufficio studi macategoriasisonoqualificate31
    [Show full text]
  • Bollettino Di Vigilanza
    Bollettino di Vigilanza Anno VI n. 6/2018 Pubblicato il 31 luglio 2018 Pubblicato il 31 luglio 2018 (decreto legge 6 luglio 2012 n. 95 convertito con legge 7 agosto 2012 n. 135) Registrazione presso il Tribunale di Roma n. 278/2006 del 14 luglio 2006 Direzione e Redazione presso l’Istituto per la vigilanza sulle assicurazioni Direttore responsabile Roberto NOVELLI Indirizzo via del Quirinale 21 – 00187 ROMA Telefono +39 06 42133.1 Fax +39 06 42133.775 Sito internet http://www.ivass.it Tutti i diritti riservati. È consentita la riproduzione a fini didattici e non commerciali, a condizione che venga citata la fonte ISSN 2420-9155 (online) Indice 1. PROVVEDIMENTI ........................................................................................................ 3 1.1 PROVVEDIMENTI RIGUARDANTI SINGOLE IMPRESE .............................................. 3 Provvedimento n. 0159476/18 del 22 giugno 2018 ....................................................... 3 Allianz S.p.A. Autorizzazione, ai sensi dell'art. 71, paragrafo 1, lettera h), del Regolamento delegato (UE) 2015/35 del 10 ottobre 2014 e dell'articolo 24 del Regolamento IVASS n. 25 del 26 luglio 2016, al rimborso di fondi propri di base di livello 1. Provvedimento. ............................................................................................... 3 Provvedimento n. 0162430/18 del 27 giugno 2018 ....................................................... 4 Assicurazioni Generali S.p.A. Autorizzazione all'esenzione dallo scambio di garanzie sui derivati OTC infragruppo
    [Show full text]
  • Überschrift 1
    Allianz SE Group Communications and Reputation Media Release Allianz to acquire Aviva Italia S.p.A., the Italian P/C entity of Aviva Group • Allianz to acquire the Italian P/C entity of Aviva Group, including almost 500 agents • Transaction worth 330 million euros • On completion, following regulatory approvals, Allianz to consolidate its leading position in the Italian P/C market Milan, March 4, 2021 Allianz S.p.A. today announced it has agreed to acquire Aviva Italia S.p.A., the Italian P/C entity of Aviva Group, from Aviva Italia Holding S.p.A. for 330 million euros. The portfolio is equally distributed between motor and non-motor business segments with gross written premiums of about 400 million euros. The transaction is subject to regulatory approvals, expected within the second half of 2021. On completion, Allianz S.p.A.’s P/C market share in Italy is expected to increase by approximately 1 percentage point, consolidating its position as #3 player in the Italian P/C market. In total, almost 500 agents together with their client base will join Allianz, as well as the related employees of Aviva Italy, who will play an important role by bringing their service expertise and client knowledge to Allianz. With its strong focus on customer satisfaction and distribution excellence, Allianz is committed to ensure a smooth transition for both clients and agents. The similarity of the business models combined with strong investments in technological innovation by Allianz in the recent years are key elements to drive the effective integration and joint growth.
    [Show full text]
  • Caso N. COMP/M.5057 - AVIVA / UBI VITA
    IT Caso n. COMP/M.5057 - AVIVA / UBI VITA Il testo in lingua italiana è il solo disponibile e facente fede. REGOLAMENTO (CE) n. 139/2004 SULLE CONCENTRAZIONI Articolo 6, paragrafo 1, lettera b) NON OPPOSIZIONE data: 11/03/2008 In formato elettronico sul sito EUR-Lex, al documento n.32008M5057 Ufficio delle pubblicazioni ufficiali delle comunità europee L-2985 Luxembourg COMMISSIONE DELLE COMUNITÀ EUROPEE Bruxelles, 11-III-2008 SG-Greffe(2008) D/201058 Nella versione pubblicata di questa decisione sono state omesse alcune informazioni ai sensi dell'art. VERSIONE PUBBLICA 17(2) del Regolamento del Consiglio (CE) N. 139/2004 riguardante la non divulgazione di PROCEDURA RELATIVA ALLE segreti professionali ed altre informazioni riservate. CONCENTRAZIONI Le omissioni sono dunque cosi' evidenziate [...]. Laddove possibile, l'informazione omessa é stata DECISIONE AI SENSI DELL'ARTICOLO 6, sostituita dall'indicazione di una scala di valori o da PARAGRAFO 1, LETTERA b) una indicazione generale. Alla parte notificante Gentile Signori, Oggetto: Caso n. COMP/M.5057 - Aviva/ UBI Vita Notifica del 20.12.2007 ai sensi dell'articolo 4 del regolamento (CE) n. 139/2004 del Consiglio1 1. In data 07/02/2008, è pervenuta alla Commissione la notifica di un progetto di concentrazione in conformità all'articolo 4 del Regolamento (CE) n. 139/2004 del Consiglio. Con tale operazione l'impresa Aviva Italia Holding S.p.A. (“Aviva”, Italia), appartenente al gruppo Aviva ("gruppo Aviva", Regno Unito) acquisisce, ai sensi dell'articolo 3, paragrafo 1, lettera b), del Regolamento del Consiglio, il controllo esclusivo dell'impresa Unione di Banche Italiane Assicurazioni Vita S.p.A.
    [Show full text]