Constellation's Latin American subsidiary closes previously announced acquisition of Zurich's annuity business in Chile [Yahoo! Finance]
ZURICH INS GROUP S/ADR (ZURVY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
CINCINNATI Dec. 2, 2024 /PRNewswire/ -- Constellation Insurance, Inc. (Constellation), announced its wholly owned subsidiary, Ohio National Seguros de Vida – Chile , has acquired Zurich Insurance Group's ( Zurich $2.1 billion annuity portfolio in Chile As a result, Ohio National Seguros de Vida - Chile becomes the seventh largest in the Chilean annuity market with more than US $3.3 billion in assets under management and serving more than 55,000 annuitants. "This transaction is a significant step forward in our vision to build market-leading businesses across all segments of the organization," said Anurag Chandra , Founder, Chairman and CEO of Constellation. "With the closing of this transaction, our Latin American business now has the scale and market position to form an increasingly integral part of our diversified enterprise growth strategy." "By capitalizing on organic and inorganic growth opportunities, we are able to enhance our Chilean market position and ability to expan
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