ZURVY Zurich Insurance Group Limited (QX)

   By Euan Conley 
 

Zurich Insurance Group AG (ZURN.EB) said Monday that it has acquired 19 businesses in Latin America, operating under the Travel Ace and Universal Assistance brands.

The Swiss insurance group said that it was looking to accelerate growth of its Cover-More travel-insurance business by buying travel-assistance providers across Latin America, including in Chile, Brazil, Argentina and Colombia.

Zurich will acquire the 19 legal entities across Latin America through share purchase agreements, the company said.

Financial details of the agreements were not disclosed.

Zurich said the deal was expected to close in the second quarter of 2018.

Write to Euan Conley at euan.conley@dowjones.com

(END) Dow Jones Newswires

March 12, 2018 03:09 ET (07:09 GMT)

Zurich Insurance (QX) (USOTC:ZURVY)
Historical Stock Chart
From May 2024 to Jun 2024

Zurich Insurance (QX) (USOTC:ZURVY)
Historical Stock Chart
From Jun 2023 to Jun 2024