Zurich in $1.1bn motor trade sale
Hellman & Friedman, a San Francisco-based private equity firm, has signed a stock purchase agreement to acquire Universal Underwriters Group from Zurich Financial Services Group in a transaction valued at approximately $1.1 billion.
Founded in 1922, Universal Underwriters is the leading provider of property and casualty insurance to USfranchised automotive dealerships with an approximate 40 percent market share.Investing
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