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United Kingdom

China Reinsurance Group Corp (1508.HK)

1508.HK on Hong Kong Stock

1.55HKD
18 Dec 2018
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Thu, Sep 13 2018

Hanover to sell specialty unit Chaucer to China Reinsurance for $950 million

Hanover Insurance Group Inc on Thursday decided to sell its unit that underwrites risks at insurance market Lloyd's to China Reinsurance Group Corp for $950 million to focus on expanding its domestic business.

UPDATE 2-Hanover to sell specialty unit Chaucer to China Reinsurance for $950 mln

Sept 13 Hanover Insurance Group Inc on Thursday decided to sell its unit that underwrites risks at insurance market Lloyd's to China Reinsurance Group Corp for $950 million to focus on expanding its domestic business.

Hanover Insurance to sell Chaucer unit to China Reinsurance for $950 mln

Sept 13 Hanover Insurance Group Inc said on Thursday it will sell Chaucer, its specialist insurance business, which underwrites risks at Lloyd's, to China Reinsurance Group Corp for $950 million to focus on expanding its domestic business.

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