Appointment will further strengthen capabilities as bank seeks to diversify fee streams
UniCredit has today announced the appointment of Alessandro Santoliquido to spearhead its pan-European insurance strategy, effective from July 1, 2024.
In his new role, Mr. Santoliquido will be responsible for implementing the bank's build-out of its insurance capabilities - an area where UniCredit sees strong growth dynamics and potential.
Commenting on the move, Richard Burton, UniCredit's Head of Client Solutions, said: "Alessandro's appointment will further strengthen our insurance capabilities as we continue to upscale our three product factories and deliver best-in-class solutions to clients across our networks."
Alessandro Santoliquido added: "I strongly believe that there is very high potential in further developing insurance at UniCredit and I will make available all of my insurance and management expertise in order to build a strong team capable of delivering an exceptional level of service for clients."
Mr. Santoliquido was most recently General Manager of Cronos Vita Assicurazioni, the company created in August 2023 to take over and rescue embattled life insurer Eurovita - where he was named Commissioner for the Extraordinary Management of the company by Italian insurance regulator IVASS.
In this position, he led the search for a sustainable solution for Eurovita to both protect policyholders and prevent broader contagion, working in alignment with IVASS, ANIA, and the Ministry of the Economy.
Prior to that, Mr. Santoliquido held a variety of senior leadership roles at Allianz Group, most notably as President and CEO of Genialloyd - now Allianz Direct SpA - a market leader which represents one of the best cases of value creation in direct insurance in Italy in the last twenty years.
Between 2009 - 2021, he held separate General Manager positions at both SARA Group and Amissima Group, playing a prominent role in restructuring and driving profitability at each organisation.
Mr. Santoliquido holds a Master of Business Administration from INSEAD and graduated from Bocconi University in Business Administration. In 2012, he was recognised as a 'Commendatore dell'Ordine al Merito' of the Italian Republic by the Italian President.
Milan, 20 May 2024
Contacts:
Media Relations
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