(update to say excess capital down end Q1)
MILAN (Thomson Financial) - Fondiaria-SAI SpA said preliminary estimates
show excess capital was about 1.025 billion euros at the end of 2007, up 10.2
percent compared to the end of 2006.
However, the excess capital fell to 841 million euros at the end of the
first quarter due to acquisition of Serbia's second largest insurance group DDOR
Novi Sad and the sale of Po Vita, it added.
The company also said it will present a 2009 to 2011 business plan in
September.
philip.webster@thomson.com
pw/tc
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