Company detailsCode: VittoriaCompany name: Vittoria AssicurazioniCompany country: ItalySector: K - Financial and insurance activitiesSector detail: K65 - Insurance, reinsurance and pension funding, except compulsory social securitySub-sectors: K65.1.1 - Life insuranceK65.1.2 - Non-life insurance Reshoring detailsReshoring announcement date: 02/08/2016Starting implementation date: August, 2016End of Implementation : December, 2016Reshored to: ItalyLocation code: ITReshored business function: AdministrationPartial or Total reshoring: TotalReshoring governance mode: In house (in own facilities)Reasons for reshoring: Firm's global reorganizationLoyalty to the home countryNeed for greater organizational flexibilityCase narrative: Vittoria Assicurazioni is an Italian company that has been working in the insurance sector for almost one century. Currently the company has decided to backshore its controlling holdings from the Netherlands to Italy in order to simplify the control processes in a bid to streamline the organization. The backshoring involves Yafa Holding and Vittoria Capital that are going to be relocated to italy. Yafa Holding controls 82% of Vittoria Capital, which has a 61.15% of Vittoria Assicurazioni. Sources: MilanoFinanza, 02/08/2016 Sources link: http://www.milanofinanza.it/news/vittoria-ass-torna-in-italia-dall-oland... Offshoring detailsOffshoring location: Netherlands