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FINANCIAL NEWS
Zurich to buy Lebanese insurance firm
11 Oct 2010
(MENAFN) Switzerland-based insurer Zurich Financial Services AG announced that it has agreed to buy privately-owned Lebanese insurer Compagnie Libanaise D’Assurances, Reuters reported.
The Swiss firm said in a statement that the transaction should close in the fourth quarter, subject to regulatory approval.
The Lebanese insurer, which also has branches in the United Arab Emirates, Kuwait and Oman, had gross written premiums of $49.1 million at the end of 2009 and net income of $5.1 million.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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