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HDI Assicurazioni officializes the acquisition of Amissima Assicurazioni S.p.A.
Rome April 1, 2021 – The acquisition of Amissima Assicurazioni (HDI ITALIA since 14.02.21) by HDI Assicurazioni, already announced on October, 22 2020 is today itself officialized, having received the authorization by the Italian Regulator of Insurance Industry (IVASS).
HDI Assicurazioni acquires 100% of Amissima Assicurazioni’s shares, placing HDI Group from # 17 to # 11 in P&C business ranking , with the opportunity, in the medium term, to reach a top ten position. The acquisition enhances the diversification of HDI Assicurazioni Group expanding its activities in the Non-Life business with a growth of the premium income of about EUR 300 million and a total GWP of about EUR 2 billion.The operation is part of the strategy of the Talanx Group to expand in our country in which they have been present since 1997 through the subsidiary HDI Assicurazioni.«Today is the Day zero of a new season for HDI Assicurazioni Group. A step forward, not only for the business, but also for the Company that is now even closer to its Agents and Customers», observed the CEO of HDI Assicurazioni and, from today, also CEO of Amissima Assicurazioni, Roberto Mosca.
«With this acquisition, we have the ambition to mark a new season in the history of our Companies, obviously destined to converge towards a common reality and shared objectives.
The entry of Amissima, with its experience and expertise, will represent an important accelerator of the growth and development for our Group. In this direction, we will enhance mutual experiences, knowledge and skills to strengthen and expand into the Italian Insurance Market ».«In the last four years, supported by Apollo, we have worked to transform the business of Amissima – said the outgoing CEO Alessandro Santoliquido – improving technical excellence, investing heavily in agents’ training, in innovation and in communication not only of our products but also of our values.
In the first phase, the Company had to concentrate on strengthening and innovation, and in the last year growth is returning, also thanks to the determination with which we reacted to the COVID crisis.
Together with the networks, we have done a great job: the harmony between the Company and the Intermediaries has grown in recent years, making us proud and aware of the value of the path we have travelled together.
We have brought about major changes and have been able to have our say in a constantly evolving sector, safeguarding human values and enhancing the many excellences present in the company and in the networks. Amissima is now part of a major international insurance group, strengthening its position in the market while keeping alive its founding values of "people insuring people". I am grateful to the Talanx Group and to Roberto Mosca for having believed in the goodness and solidity of the model we have been able to build over the years, and I thank our agents and employees for the great work we have done together».
«With this acquisition, we have the ambition to mark a new season in the history of our Companies, obviously destined to converge towards a common reality and shared objectives.
The entry of Amissima, with its experience and expertise, will represent an important accelerator of the growth and development for our Group. In this direction, we will enhance mutual experiences, knowledge and skills to strengthen and expand into the Italian Insurance Market ».«In the last four years, supported by Apollo, we have worked to transform the business of Amissima – said the outgoing CEO Alessandro Santoliquido – improving technical excellence, investing heavily in agents’ training, in innovation and in communication not only of our products but also of our values.
In the first phase, the Company had to concentrate on strengthening and innovation, and in the last year growth is returning, also thanks to the determination with which we reacted to the COVID crisis.
Together with the networks, we have done a great job: the harmony between the Company and the Intermediaries has grown in recent years, making us proud and aware of the value of the path we have travelled together.
We have brought about major changes and have been able to have our say in a constantly evolving sector, safeguarding human values and enhancing the many excellences present in the company and in the networks. Amissima is now part of a major international insurance group, strengthening its position in the market while keeping alive its founding values of "people insuring people". I am grateful to the Talanx Group and to Roberto Mosca for having believed in the goodness and solidity of the model we have been able to build over the years, and I thank our agents and employees for the great work we have done together».