ALLIANZ SE The transaction is part of Allianz's new strategy to focus on large corporate and specialty businesses in the U.S. instead.
(Reporting by Andrey Sychev; editing by Matthias Williams)
Allianz sells US insurance unit for $1.4 billion
April 05, 2024 at 09:57 am EDT
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BERLIN (Reuters) - Allianz agreed to sell Fireman's Fund, its U.S. insurance unit for mid-sized corporations and entertainment industry clients, to Arch Insurance for $1.4 billion, the German insurer said on Friday.
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