China Re completes Chaucer deal

The Lloyds building in London

China Reinsurance announced the completion of its takeover of Chaucer Holdings from The Hanover Insurance Group on 31 December 2018.

The deal, for $950m (£726m), was previously revealed in September last year after news of Chaucer being for sale first came out in March.

The latest step saw the 100% equity acquisition of Hanover Insurance International Holdings, go through.

However the buyout of Chaucer Insurance Company (Chaucer Dublin) and Hanover Australia remains subject to local

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