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Uniqa Insurance looks to make large acquisitions

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Austria-based Uniqa Insurance Group A.G. is ready to spend about $1 billion to make large-scale acquisitions in its existing markets this year, Reuters reported. Andreas Brandstetter, chief executive of Uniqa, said that the insurer is looking to make acquisitions to expand its operations. Uniqa's net profit grew 27.5% year over year in 2018.

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