AGF, the French subsidiary of Germany’s Allianz, has acquired a 25 percent stake in U.K. based maritime insurance manager Tindall Riley Marine for an undisclosed amount.
TRM, one of six major marine mutual insurance groups, manages operations for the Britannia Steamship Insurance Association Ltd., which insures 14 percent of the world’s commercial fleet – over 75 million tons.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
State Insurance Legislators ‘Greatly Disturbed’ by Trump AI Regulation Order 
Insurance Covers Settlement Paid by Stocks Instead of Money: Delaware High Court 
McKinsey Plots Thousands of Job Cuts in Slowdown for Consulting Industry 
WTW to Acquire Newfront in Deal Worth Up to $1.3B 
