Talanx AG : Scaling up LatAm business with retail assets from Liberty Mutual
>Talanx plans to acquire insurance business of Liberty Mutual - Talanx AG signed a purchase agreement to acquire the business and assets related to the Latin American business of Liberty Mutual Insurance Co for BRL 7.4bn (about € 1.38bn), subject to adjustments. The transaction includes Liberty Mutual Insurance Co's retail and small commercial business in Brazil, Chile, Columbia, and Ecuador. The deal is expected to close by the first half of 2024, subject to approval...Talanx is a financial and management holding company. Co. is internationally active in primary insurance and reinsurance and in both property/casualty and life business. In the more than 100 years of Co.'s history, Co. has evolved from a single-line liability insurer for industry into a global insurance group with a focus on the industrial and retail lines and reinsurance business. Through its subsidiaries, Co. is engaged in five business segments: Life/Health Reinsurance; Non-Life Reinsurance; Retail Germany; Industrial Lines; and Retail International.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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