Italmobiliare finalises investment in Bene Assicurazioni

Milan, April 29th, 2022 – Italmobiliare's investment in Bene Assicurazioni was finalised today, as announced on November 17 last year. The entry into this company's share capital involved an outlay of € 40 million, having received authorisation from IVASS, the Supervisory Authority for the Italian Insurance Sector. As a result of this overall deal, Italmobiliare will hold 19.99% of Bene Assicurazioni.

This investment increases even more Italmobiliare's commitment to enhance - alongside well-known Made in Italy brands of excellence - innovative companies capable of intercepting and guiding the transformations currently underway, with excellent growth opportunities thanks to a combination of digital skills and a deep knowledge of sector.

Bene Assicurazioni, founded in 2016 by Andrea Sabìa, represents one of the main innovations on the Italian insurance market. In just five years of operations, Bene Assicurazioni has reached 140 million in gross premiums at the end of 2021. Bene Assicurazioni is characterised by the high level of automation and digitisation of its business processes and the flexibility of the application architecture, pursuing an omnichannel distribution model that combines expansion and enhancement of the network of agents present throughout Italy with direct online sales.

Italmobiliare is an investment holding company that manages a diversified portfolio of investments with a Net Asset Value of over 2 billion euro. Since 2017, it has consolidated its strategy of investing in companies with major innovative "Made in Italy" brands, supporting significant rates of growth with its know-how and models of development and governance.

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