Insurance Post

ERC captures Eagle.

Employers Re's European subsidiary ERC Frankona has completed its acquisition of Zurich Financial Se...

Employers Re's European subsidiary ERC Frankona has completed its
acquisition of Zurich Financial Services' Eagle Star Re (Re, November
1998, p1). The deal excludes business written by Eagle Star before 1993,
except for certain aviation lines written through the British Aviation
Insurance Group. Last month, rating agency Moody's assigned ERC Frankona
an 'Aaa' (exceptional) insurance financial strength rating.
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