UnipolSai agrees to sell assets with premiums of 1.1 bln euros to Allianz

MILAN, March 15 Sat Mar 15, 2014 3:25pm EDT

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MILAN, March 15 (Reuters) - Italian insurer UnipolSai said on Saturday it agreed to sell assets with premiums worth 1.1 billion euros ($1.53 billion) to Germany's Allianz .

UnipolSai, a unit of insurance group Unipol, said in a statement the maxmimum payment it will receive for the assets would be 440 million euros.

The transaction will be completed after being approved by regulators, UnipolSai said.

($1 = 0.7181 Euros) (Reporting by Isla Binnie; editing by Philip Pullella)

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