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International

Allianz acquires Brazilian insurer

July 15, 2020 Reprints

Germany-based Allianz SE has completed the acquisition of Brazilian insurer SulAmerica SA's property/casualty and car insurance unit for around €500 million ($569 million), 1asig reports. Allianz expects to increase its share of the Brazilian property/casualty insurance market to 9% with this deal.

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Allianz acquires Brazilian insurer

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