CBL completes 94.5M euro purchase of French insurance creator

Thu, 05 Jan 2017

By Sophie Boot Jan. 6 (BusinessDesk) - CBL Corp has completed its 94.5 million euro purchase of France's Securities and Financial Solutions Europe SA (SFS), taking over its biggest customer in a deal the credit and financial risk insurer expects to lift earnings. The Auckland-based company closed the deal in Luxembourg on Jan. 5, after receiving approval from Luxembourg's Commissariat aux Assurances in October 2016. SFS is France's biggest specialist producer of construction sector insurance and, with the IMS claims management operati...

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