Fonsai misses 2011 target but cut losses by 51%
Italy’s second largest insurance company reported losses of €178.6m in the first nine months of 2011, but avoided the scale of losses that plagued it in first three quarters of 2010.
Property and casualty insurer Fonsai's losses in the first three quarters were up 51% on the first nine moths of 2010 when the firm declared losses of €345.5m.
On 30 September 2011, the company
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