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Shearman & Sterling last month signed off one of Italy's largest-ever corporate deals - Allianz's €(£3.85bn) takeover of insurance group Riunione Adriatica di Sicurtà. It is understood that the US firm led on the Italian aspects of the deal after Shearman's Allianz contact partner and German head Georg Thoma persuaded the client to use the Italian arm. Domestic Italian firm Chiomenti, led by partners Francesco Tedeschini and Michele Carpinelli, advised Riunione.