The evolution of re-and deregulation in the Italian insurance industry * Giuseppe Turchetti is Professor of Economics and Management, Scuola Superiore Sant'Anna, Pisa; Cinzia Daraio is post-doctoral fellow, Scuola Superiore Sant'Anna, Pisa. This article is a revised version of a paper presented to the Tenth Joint Seminar of The Geneva Association and the European Association of Law and Economics, Rotterdam, 14-15 April 2003. We would like to thank the participants of the conference for helpful discussions and suggestions. The financial and informational support of Scuola Superiore Sant'Anna and IRSA is gratefully acknowledged.