Italy’s Premafin appoints Giay as chief executive

Italy’s Premafin Finanziaria has appointed Roberto Giay as chief executive of the holding.
Giay has been head of legal and compliance at Ugf since 2003 and he is also member of Unipol’s compliance board.

Premafin is an Italy-based holding company, which mainly operates in the insurance sector through its interest in Fondiaria-SAI Group.

Premafin has more than 100 subsidiaries among which Milano Assicurazioni, Dialogo Assicurazioni, Dominion Insurance Holding Ltd, International Strategy, Banca SAI.

In July, Italian insurer Unipol took over over Premafin, also acquiring control of troubled rival Fondiaria-SAI.

Bologna-based Unipol agreed back in January to rescue loss-making Fondiaria in a complex deal which includes a four-way merger and three capital increases.

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