ATLANTA – ING Group has spent $791 million to acquire a majority interest of Seguros Comercial America from Savia SA de CV. ING now has an 87% stake in Seguros Commercial, which has a distribution network of more than 8,000 agents and in sales, has an 8% share of Mexico's life/health insurance market and a 39% share of its property /casualty market. This latest purchase adds to ING's Mexico presence.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.