CBL buys 40% stake in Irish professional insurer Allied Risk for 1.38M euros

Mon, 10 Jul 2017

By Paul McBeth July 10 (BusinessDesk) - CBL Corp has continued its acquisition spree of recent years with the purchase of a 40 percent stake in Allied Risk Holdings for 1.38 million euros, and will use the Irish professional insurer's senior management to populate its own European executive team. Auckland-based credit surety and financial risk insurer CBL announced the acquisition and appointments today, adding Dublin-based Allied and its 2.3 million euros of annual billings to the expanding New Zealand group. As part of the deal, Allied...

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