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Italian insurer forms reinsurer in Dublin

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Bologna, Italy-based insurer UnipolSai Assicurazioni S.p.A. has launched a reinsurer in Dublin.

The new reinsurer — UnipolRe Ltd. — has assets of more than €500 million ($557.7 million). The reinsurer “will offer tailored reinsurance coverage to small and medium-sized insurance companies throughout continental Europe for a number of risks including third party liability business,” said Unipol in statement announcing the launch.

In its announcement, UnipolSai noted that UnipolRe represents its first reinsurance operation as well as the first time it has launched its brand outside of Italy.

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