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Swiss Life, Fondiaria-SAI and Milano Assicurazioni end talks on possible collaboration in Italy

01.07.2004

Swiss Life, Fondiaria-SAI and Milano Assicurazioni have considered entering into a joint venture in the Italian life insurance market. In the course of this examination, the companies involved have agreed not to pursue the possibility of a strategic partnership in Italy any further. As originally announced, Swiss Life plans to withdraw from the Italian market. For group insurance clients, and particularly for its international clientele, Swiss Life will continue to offer risk coverage in Italy in future as well. With 23 employees in Italy, Swiss Life's premium volume in that market amounted to CHF 24 million for 2003.
Swiss Life
The Swiss Life Group is one of Europe's leading providers of life insurance and long-term savings and protection. The Swiss Life Group offers individuals and companies comprehensive advice across a broad range of products via agents, brokers and banks in its domestic market, Switzerland, where it is market leader, and selected European markets. Multinational companies are serviced with tailor-made solutions by a network of partners in over forty countries.

Swiss Life Holding, registered in Zurich, was founded in 1857 as the Swiss Life Insurance and Pension Company. Shares of Swiss Life Holding are listed on the SWX Swiss Exchange (SLHN). The enterprise employs around 10 000 people worldwide.

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