Seguros Caracas, the Venezuelan unit of U.S. insurance firm Liberty Mutual, has purchased local rival Seguros Panamerican for $56 million Thursday, creating the largest insurance company in the country.
Seguros Caracas bought a 99.8 percent stake in Panamerican from Chilean investment group Quiroga on the Caracas Stock Exchange. The acquisition would give Seguros Caracas annual revenues of an estimated $312 million.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Florida Bans Flock Cameras, License Plate Readers From State Roads 
Russian-Speaking Cybercriminals Used SpaceX’s Cursor AI Tool to Hack 7 Companies 
Federal Judge Cautions State Farm Against Gambling With Courts 
Judge Says Smucker’s Lawsuit Against Trader Joe’s Over Frozen PB&J Can Proceed 
