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RSS FeedsCBL announces conditional agreement to buy US insurer
(WorldNews Asia)

 
 

24 march 2017 06:04:26

 
CBL announces conditional agreement to buy US insurer
(WorldNews Asia)
 


International credit and financial risk insurer CBL Corporation Limited (CBL) has filed an application for regulatory approval to acquire US insurer Affirmative Direct Insurance Company Limited (Affirmative), in a USD5.7 million (NZD8.1 million) transaction CBL Managing Director Peter Harris says offers the company a unique opportunity to acquire a US insurance vehicle and valuable insurance licences within to write niche insurance business opportunities generated by CBL within its core existing expertise. `The US is the largest insurance market in the world and is one that we have been following for many years. The opportunity to gain direct access to this market in a low-risk, controlled...


 
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