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Italy: Unipol receives offer for insurance business

December 26, 2013 - 6:00am

Italian insurer Unipol Gruppo Finanziario S.p.A. has received an offer to purchase its insurance business which it has to sell to complete its merger with Fondiaria-Sai S.p.A., Reuters reported.

In May 2013, AXA Group and Allianz S.E., among others, expressed interest in Unipol's assets. It has €1.7 billion ($2.32 billion) worth of premiums on its books.

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