MILANO ( – The Supervisory Body of the insurance sector (IVASS) has granted authorisation to the business merger between Archimedes and the Net Insurance Group. The transaction involves the acquisition by Archimede of a qualified holding by some members of NET (equal to 30% less than one share in the company’s capital) and the reverse merger of Archimede into Net. The Boards of Directors of Net Insurance and Archimede have been called for Thursday 18th October for subsequent resolutions.