ZURICH ACQUIRES CNA ENERGY

Zurich Global Energy, the energy unit of Zurich Financial Services Group, and All American Marine Slip, a unit of MOAC, the ocean marine arm of CNA, have agreed to transfer a substantial part of AAMS’ offshore energy book of business to Zurich Global Energy. The transfer became effective Sept. 1, and the new business will be known as All American Marine Slip Energy underwritten by Zurich Global Energy. Zurich Global Energy is a leading provider of risk and financial management solutions for oil and gas, petrochemical, mining and power operations worldwide. This strategic move adds to Zurich Global Energy’s worldwide presence, and significantly increases the organization’s book of business in the U.S.

Topics Mergers & Acquisitions