Reorganisation measures — Decision on reorganisation measures in respect of Assicurazioni Rischi Agricoli VMG 1857 S.p.A., insurance company, and FINASS VMG 1857 S.p.A. (Publication pursuant to Article 271 of Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) and Article 237(2) of Legislative Decree No 209/2005)
Date: 2024-12-12
Institutions: Directorate-General for Financial Stability, Financial Services and Capital Markets Union, European Commission
Subjects: EU control, Italy, insurance company, liquidation








C_202407417EN.000101.fmx.xml












Official Journal of the European Union


EN
C series













C/2024/7417


12.12.2024






Reorganisation measures — Decision on reorganisation measures in respect of Assicurazioni Rischi Agricoli VMG 1857 S.p.A., insurance company, and FINASS VMG 1857 S.p.A.

(Publication pursuant to Article 271 of Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) and Article 237(2) of Legislative Decree No 209/2005)

(C/2024/7417)







Insurance company







Assicurazioni Rischi Agricoli VMG 1857 S.p.A.




Via Spalato 11/2




20124 Milan




ITALY




Tax identification number, VAT number and Milan Register of Companies No 01329860157
Legal entity identifier (LEI) 815600F5033868D0CD12




Lead company pursuant to Article 210 of Legislative Decree No 209/2005







FINASS VMG 1857 S.p.A.




Via Spalato 11/2




20124 Milan




ITALY




Tax identification number, VAT number and Milan Register of Companies No 01700840158




Date, entry into force and nature of the decision


Decree of the Minister for Enterprises and Made in Italy of 6 November 2024, adopted on a proposal from IVASS (the authority responsible in Italy for supervising insurance companies) – Dissolution of the administration and monitoring bodies of Assicurazioni Rischi Agricoli VMG 1857 S.p.A. and of FINASS VMG 1857 S.p.A. and placing of the companies in receivership for a maximum period of one year from the date of issue of the decree, pursuant to Articles 231(1)(a), 275(2)(b) and 282 of Legislative Decree No 209/2005. The Decree was notified to IVASS on 8 November 2024.
IVASS measure ref. No 0244892/24 of 8 November 2024 — Appointment of the bodies for the receivership procedures pursuant to Article 233 of Legislative Decree No 209/2005.




Competent authorities







The Minister for Enterprises and Made in Italy




Via Molise 2




00187 Rome




ITALY




IVASS – Institute for the Supervision of Insurance




Via del Quirinale 21




00187 Rome




ITALY








Supervisory authority







IVASS – Institute for the Supervision of Insurance




Via del Quirinale 21




00187 Rome




ITALY








Special Administrator, appointed for both companies


Massimo Michaud




Monitoring committee, appointed for both companies


Claudio Ferrario
Antonio Blandini
Monica Biccari




Applicable law


Italian law
Articles 231, 233, 275 and 282 of Legislative Decree No 209/2005






ELI: http://data.europa.eu/eli/C/2024/7417/oj
ISSN 1977-091X (electronic edition)