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Axa agrees to acquire Spanish P&C insurer for over $300 million

Posted On: Oct. 19, 2022 10:06 AM CST


French insurer Axa SA has agreed to acquire Spain-based insurer Groupe Assurances du Credit Mutuel Espana (GACM Espana) for €310 million ($305 million) in a bid to strengthen its foothold in the Spanish market, reported. GACM Espana primarily operates in the property, casualty and health insurance space.