London, 31 January 2014 -- Moody's Investors Service today withdrew the Baa2 Insurance Financial Strength Rating (IFSR) of Unipol Assicurazioni S.p.A. (Unipol) following the merger by incorporation of Unipol Assicurazioni, Milano Assicurazioni and Premafin HP into Fondiaria-Sai S.p.A.. At the same time Moody's assigned a Baa2 IFSR to UnipolSai Assicurazioni S.p.A. (UnipolSai), the new name for the merged entity, with a negative outlook. The Ba1 (hyb) subordinated debt rating of Unipol is unchanged following the incorporation of its outstanding subordinated debts into UnipolSai.

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