China Re snaps up Chaucer from The Hanover
The Hanover has sold Chaucer to China Re for a total price of $950m (£726m).
The sum is 1.66 times specialty-focused Chaucer’s tangible equity as of 30 June 2018. It includes a pre-signing dividend of $85 million (£65m) from Chaucer.
The deal is expected to close in the first
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