Carlo Cimbri is the Chief Executive Officer and General Manager of Unipol Gruppo Finanziario S.p.A. and Chief Executive Officer of the subsidiary UnipolSai Assicurazioni S.p.A..
The Unipol Group - with over 15,000 employees, an insurance income of €16.8bn in 2013 (pro forma figure) and 14 million clients - is one of the key players of the sector on a European level and Italian leader in Non-Life business.
Born in Cagliari in 1965, Cimbri graduated with first-class honours in Economics at the University of Bologna and has over 20 years of experience in the insurance and banking sector: he joined the Finance and Treasury Department of Unipol in 1990 and over the years he held roles of increasing responsibility until becoming one of the General Managers of the Unipol Group in 2005, which closed that financial year with an insurance income of €8.9bn.
In 2006, he concluded the sale of the BNL shareholding to BNP Paribas, thus archiving Unipol’s proposed diversification strategy in the banking business. In 2007, he became the sole General Manager and in 2010, after taking on the role of Chief Executive Officer, he implemented the 2010-2012 Business Plan that refocused the Group’s attention on insurance activities, with a significant recovery of profitability in the Non-Life sector, considerable cost rationalization and capital strengthening.
During the three-year period, the acquisition of control of the Arca Group (2010), the merger of Navale Assicurazione into Unipol (2010) and the disposal of the shareholding in BNL Vita (2011) were completed.
In January 2012, after the conclusion of the Business Plan that surpassed the set targets, Unipol presented - in a particularly difficult market period for Italy - a bailout plan for the Fondiaria-SAI Group that, through the merger with Unipol Assicurazioni, led to the creation of UnipolSai Assicurazioni, Italian leader in Non-Life business with an insurance income of €15.4bn (2013 pro forma figure). The transaction provided for significant capital strengthening and an integration plan based on industrial synergies, value creation and protection of employment.
Cimbri is also currenly a member of the Board of Directors of Nomisma S.p.A.. Moreover, he is a member of the Executive and Strategic Committees of ANIA (Italian National Association of Insurance Companies), Director of the Censis Foundation (one of the most prestigious national research institutes in social sciences and economics), and member of the Board of Directors of FeBAF (Italian Banking, Insurance and Finance Federation).
Carlo Cimbri Profile