pag 1 axa and bmps join forces in the italian bancassurance pensions market march 23 2007 2 to create a new leader leading banking group with strong customer franchise successful bancassurer worldwide financial protection expertise life & savings p&c asset management build non italy through unique exclusive global long term partnership 3 perimeter of transaction acquires 50 mps vita danni open pension funds business insurance companies assets 13bn 0 3bn enter distribution agreement all banks including bam for sale products 10 years automatically renewable additional will become sole manufacturer both clients transfer its existing fund insurbanking s acquire 100 quadrifoglio embedded value before
