Sanctions and Winding Up Directorate

In case of sanctioning proceedings started against insurance and reinsurance undertakings and anti-money laundering proceedings, it carries out preliminary investigations following the notification of the breach, examines the defences, holds hearings and proposes the application of the sanction or orders the dismissal of the proceeding.
In case of sanctioning proceedings started against insurance and reinsurance intermediaries other than anti-money laundering proceedings, it acts as the Guarantee Committee’s secretariat.

1. Ciro Blandino Head (appointed by resolution no. 100/2019 of 12 December 2019)

It ensures that the requirements connected with the appointment, withdrawal and replacement of the bodies responsible for the winding up procedures are met, and it supervises over the latter by monitoring that the sorting out of liabilities, the liquidation of assets and the drawing up of allocation plans are carried out correctly and in compliance with the provisions of the law and with IVASS’ directives.
It examines the complaints proposed against undertakings in liquidation.
In relation to EEA undertakings licensed to carry on business in Italy under the right of establishment or the freedom to provide services placed into winding up, it maintains relations with the home supervisory authorities and the liquidators appointed by them, it examines the relevant complaints with a view to verifying the protection offered to Italian policyholders and third parties.

1. Rosa Alba Rallo Head (appointed by resolution No. 8/2022 of 25 January 2022)