MILAN ( – The framework agreement for the business combination between Spac Archimede and Net Insurance has been signed. The objective of the project is the construction of an insurtech insurance company and also for Net Insurance to gain a substantial strengthening of capital and a change of governance, with a Solvency Ratio of over 200%. The shareholders of Archimede will have almost 30% of the capital of Net Insurance for an amount in the range of 9.3 million euro. Once the all clear has been received from the relevant authorities and from the respective assemblies, no shareholder will have more than 20% of the capital of the new company, with a float estimated at about 60%. The operation could be completed by the end of the year.