Ace to acquire Fireman's Fund PL business for £234m
Allianz has agreed to sell its Fireman’s Fund Insurance Company personal lines business in the US to Ace for $365m (£234m) by means of renewal rights arrangement.
The deal, which is subject to regulatory approval, follows the decision by Allianz earlier in 2014 to reposition its property and casualty insurance business in the US by integrating FFIC commercial
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