Deals
Zurich Buys Stake in UK M&A Insurer to Fuel US, Europe Expansion
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Zurich Insurance Group has agreed to acquire a minority stake in Icen Risk, a company that specializes in insuring mergers and acquisitions.
The transaction will see Zurich take a “significant minority” in London-based Icen and will help support its growth into North America and large European markets such as Germany, according to a statement Tuesday. The deal for the stake of just under 50% values the company at about £150 million ($194 million), a person familiar with the terms said, asking not to be identified because the figure is not public.