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Argentina Insurance Ops


Brightbridge Wealth Management Headlines: Zurich Financial Closes Buy Of Santander Brazil, Argentina Insurance Ops

posted by maxaaron12 160 days ago under brightbridge wealth management, brightbridge wealth management zurich, brightbridge wealth management headlines-zurich f, argentina insurance ops
ZURICH -(Dow Jones)- Zurich Financial Services AG (ZURN.VX) Wednesday said it had closed the acquisition of a 51% stake in the insurance operations of Banco Santander SA (STD) in Brazil and Argentina.

The deal is part of a long-term alliance between Zurich and the Spanish banking giant in Latin America agreed earlier this year.

In February, Zurich said it was paying Santander $1.67 billion to enter a 25-year strategic distribution arrangement in the region.