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Società Cattolica di Assicurazione to absorb unit FATA Assicurazioni

SocietàCattolica di Assicurazione - SC said April 5 that its board ofdirectors approved the merger by incorporation of unit intoSocietà Cattolica, subject to regulatory approval.

The merger, which is line with the implementation of SocietàCattolica's 2014-2017 business plan, marks the last step of FATAAssicurazioni's integration within the Società Cattolica group.

The process of FATA Assicurazioni's integration has led tothe unification of main corporate functions and agency and portfolio managementsystems, through the full sharing of IT platforms. The merger will enable furthercost synergies to be achieved, as well as improving capital managementefficiency.