Allianz completes acquisition of Zurich Insurance Morocco

German insurer Allianz S.E. has completed the acquisition of 98.9% of Zurich Insurance Group Ltd.'s Moroccan insurance business after receiving regulatory approval, Middle East Insurance Review reports. Allianz acquired Zurich Insurance Morocco for €244 million ($272 million). The Moroccan unit will continue to operate under the Zurich brand during the transition period. All terms and conditions of insurance contracts remain unchanged.

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