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 14,000 employees, an insurance income of €17.9bn in 2014 and over 16 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 €16bn (as at 31/12/2014). The transaction provided for significant capital strengthening and an integration plan based on industrial synergies, value creation and protection of employment.
Cimbri is also currently a member of the Board of Directors of Nomisma S.p.A., is 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).
* net of the sale of the business unit to Allianz S.p.A. in 30 June 2014
(update: 03 September 2015)
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Milano Finanza - 6 February 2016
• Cimbri: "Che sfide, ma manterremo le promesse"
(Italian version only)
Il Sole 24 Ore - 22 November 2015
• Cimbri: "Noi nel Giubileo per il sociale"
(Italian version only)
Corriere della Sera – 17 October 2015
• Sanità, più collaborazione tra pubblico e privato
the comment to signature of Carlo Cimbri (Italian version only)