On 30 June the Extraordinary General Meeting and the Ordinary General Meeting are held.
First, the Extraordinary General Meeting is held to approve the new Bylaws and subsequently the Ordinary General Meeting is held to approve the financial statements for the first nine months of operation in 1963.
It replaces the resigning directors, Boglione and Mortara, with the election of Cinzio Zambelli and Raymond Lemaire as new directors. The gross premium income in 1963 amounted to ITL 303m, which includes ITL 171m from MV-TPL.
