HCC Insurance To Buy Allianz Unit
HCC Insurance Holdings Inc recently said that it has closed its $140 million purchase of the health insurance unit of Allianz Life Insurance Co. The deal, which was first announced in August, was funded with existing capital resources and without incurring any additional debt. Msn.com reports:
Following the close of the deal, HCC Life Insurance Co. will write more than $750 million in annual premiums, covering more than 15 million lives for health insurance, HCC said.
Read more: HCC Insurance Closes Buy of Allianz Unit
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