Zurich Financial Services Group announced that it has “closed the sale to Unnim of its 50 percent stakes in the life and general insurance bancassurance companies CaixaSabadell Vida, S.A. de Seguros y Reaseguros and CaixaSabadell Companyia d’Assegurances Generals, S.A., jointly owned with Unnim (the “Unnim Jointly Owned Companies”).
“Customers of the Unnim Jointly Owned Companies are not affected by this transaction.”
Zurich initially announced that sale on November 17, 2010, following the merger of Caixa Sabadell together with Caixa Terrassa and Caixa Manlleu to form Caixa d’Estalvis Unió de Caixes de Manlleu, Sabadell i Terrassa or Unnim on July 1, 2010.
Zurich added that it “remains fully committed to the life and general insurance markets in Spain and to its other bancassurance partners in the country.”
Source: Zurich Financial Services
JGC says: 
Oklahoma Schools Destroyed by Tornado Lacked ‘Safe Rooms’
Connecticut Court Rules That Lawyers Can’t Be Sued for Fraud
Wage and Hour Claims Among Top Threats to U.S. Employers
Cyber Attacks On Banks More Serious Than Public Realizes
E&O Insights: Restaurant and Tavern Risks
CEA’s First CIO Reflects C-Suite Trend
Golf and Country Clubs Weather the Storm
Midwest AGs Go After Storm-Chasing Roofing Companies
Sign up to receive insurance news alerts!
