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Charles Taylor purchases Latin American claims, loss adjusting firm

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U.K.-based insurance services firm Charles Taylor P.L.C. has purchased Chile-based claims and loss adjusting firm FGR Group's five companies across Latin America for $14.5 million, Morningstar reported. Charles Taylor purchased Chile-based FGR S.A., FGR Affinity Ltda, FGR Peru Ajustadores de Seguros Sociedad Anonima and FGR Affinity Peru SAC. The acquisition is part of Charles Taylor's plans to expand in Latin America.

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