China Re completes Chaucer deal
Regulatory approval followed sale price of $950m being confirmed last September.
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
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Zurich strikes five-year capacity deal with MGA Freedom Services
- Aviva to open branches in Chelmsford and Southampton
- Dual to open two UK offices as McGinn’s regional push gathers pace