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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Unipol Gruppo SpA | BIT:UNI | Italy | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.20 | 1.74% | 11.69 | 13.21 | 10.51 | 11.71 | 11.51 | 11.52 | 1,746,920 | 16:30:40 |
MILAN--Italian insurer Fondiaria-SAI S.p.A. (FSA.MI) appointed Tuesday Fabio Cerchiai as its new chairman, the company said in a statement.
Fondiaria-SAI also appointed its new board, which includes Pierluigi Stefanini and Carlo Cimbri, respectively chairman and chief executive of Fondiaria-SAI controlling company, insurer Unipol Gruppo Finanziario S.p.A. (UNI.MI).
The board will be in charge until April next year, as it is expected to drive Fondiaria-SAI through the current transitional phase resulting from the recent merger with Unipol.
Unipol agreed in January to a deal to rescue Fondiaria and create Italy's second-largest insurer after Assicurazioni Generali S.p.A. (G.MI). As a result of the merger, Unipol now controls around 42% of Fondiaria-SAI.
Write to Manuela Mesco at manuela.mesco@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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