February 13, 2018 / 6:46 AM / in 8 months

NZ's CBL Corp to exit French construction insurance business

Feb 13 (Reuters) - Insurance company CBL Corp Ltd said on Tuesday it will exit its capital-intensive French construction insurance business.

It plans to shift focus to more profitable core business products that demand less capital, the company said.

CBL added that exit options for the French construction business include sale of the insurance book, among others. (Reporting by Aditya Soni in Bengaluru; Editing by Sherry Jacob-Phillips)

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