Global insurer ACE Limited announced Thursday that it would purchase a Mexican subsidiary of Ally Financial for roughly $865 million in cash.
ACE’s acquisition of Ally unit ABA Seguros comes a month after the Zurich-based insurance giant spent $275 million in cash to buy Fianzas Monterrey from New York Life Insurance as it seeks to expand its operations in Mexico.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
