Mapfre in record $2.2bn US merger
Spanish insurer Mapfre and US insurer Commerce have announced the signing of a merger agreement by which Mapfre will acquire 100 per cent of Commerce for €1,538m ($2,207m).
Commerce is the leading writer of Non-life personal insurance lines in the state of Massachusetts, where it holds a 31.5% market share in personal Motor Insurance. The US insurer is currently involved
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