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Admiral partners with Mapfre to buy digital insurance broker


U.K.-based insurer Admiral Group P.L.C. has partnered with Spain-based Mapfre S.A. and equity firm Oakley Capital Ltd. to purchase Spanish digital insurance broker Acierto, Reuters reported. Under the deal, Admiral will merge its Spanish insurance brokerage unit – Rastreator Comparador Correduria de Seguros S.L.U. – with Acierto. Admiral and Mapfre will collectively retain majority ownership of the joint venture.

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