The Italian Competition Authority imposes a fine for anticompetitive agreement to two of the most important Italian companies in the insurance industry (Generali Italia / UnipolSai Assicurazioni)

On the 30th of March 2015 the Italian Competition Authority (the “Authority”) imposed a fine to Generali Italia S.p.A. (“Generali”) and UnipolSai Assicurazioni S.p.A. (“UnipolSai”) for an anticompetitive agreement that was entered into against companies that were in charge of public transport facilities (Trasporto Pubblico Locale) (“TPL” or “TPL companies”) within the context of a public selection procedure. According to the Authority, Generali and UnipolSai entered into an agreement, pursuant to which they did not take part into public selection procedures concerning the providing of automobile insurance services (Responsabilità Civile Auto” or “RCA”). Background Generali is the parent company of the main Italian insurance group (“Generali group” or the “Group”). On the 1st of July