Unipol

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This article is about Italian financial services company. For the plastic production technique styled as UNIPOL, see Union Carbide.
Unipol Gruppo Finanziario S.p.A.
Type Società per azioni
Traded as BITUNI
Industry Financial services
Founded 1963
Headquarters Bologna, Italy
Key people Carlo Cimbri (CEO), Pierluigi Stefanini (Chairman)
Products Insurance, retail and corporate banking
Revenue €10.68 billion (2010)[1]
Profit €31.8 million (2010)[1]
Total assets €51.75 billion (end 2010)[1]
Total equity €4.021 billion (end 2010)[1]
Employees 7,530 (end 2010)[1]
Website www.unipolgf.it

Unipol Gruppo Finanziario is an Italian financial services holding operating in the insurance and banking fields with headquarters in the Unipol Tower, Bologna. As of 2009 it was ranked as the country's fourth-largest firm.[2]

The company trades under a number of brands, for insurance it uses the brands UnipolSai Assicurazioni, Linear, Linear Life and UniSalute; the banks are Unipol Banca and Banca Sai.

History[edit]

The company was founded in 1962 in Bologna as a cooperative provider of non-life insurance. After a failed takeover bid for Banca Nazionale del Lavoro in 2005,[3] Unipol saw its CEO Giovanni Consorte resign in the midst of the bancopoli scandal. Consorte was later convicted for insider trading.[4] Under Consorte's replacements Pierluigi Stefanini and Carlo Salvatori, the company underwent extensive restructuring in 2007.

References[edit]

  1. ^ a b c d e "Annual Report 2010". Unipol Gruppo Finanziario. Retrieved 18 November 2011. 
  2. ^ Cinelli, Francesa (24 February 2009). "Italian Stocks: Finmeccanica, Intesa, Mediobanca, Seat, Unipol". Bloomberg. Retrieved 2009-09-06. 
  3. ^ City, Our (6 February 2006). "BNP Paribas move on Roman bank could spark consolidation". The Times (London). Retrieved 2009-09-06. 
  4. ^ Clark, Nick (26 October 2006). "Unipol executives jailed for insider trading". Financial News. Retrieved 2009-09-06. 

External links[edit]