industry news
P&V will acquire all of Zurich Life"s operations in Belgium and the consumer and commercial life segments in Luxembourg. These agreements also include the sale of Zurich"s non-life operations in the consumer and small commercial segments in Belgium and Luxembourg. The deal is subject to regulatory approval and the transaction is expected to close in the first quarter of 2004. P&V is a Belgian life and non-life insurer with total gross written premiums of around e366m in 2002. Zurich has decided to concentrate its activities in Belgium and Luxembourg in the corporate segment, operating t...
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