Zurich expands Middle Eastern operation with swoop
Zurich has signed an agreement to acquire 99.98% of Compagnie Libanaise D’Assurances SAL, a privately owned Lebanese insurer with branch operations in the United Arab Emirates (UAE), Kuwait and Oman.
Subject to the approval of the relevant regulatory authorities, the transaction is expected to close in the fourth quarter of 2010.
Established in 1951 and headquartered in Beirut, Compagnie Libanaise
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