Finance / Brazil
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Zurich Financial's Acquisition Spree
July 2008 | M&A News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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The acquisition gives the company access to a distribution network of 4,000 active independent brokers through 50 branches and extends its reach in the state of Minas Gerais. Jaime Paredes, CEO of Zurich Latin America, said 'the transaction will allow Zurich to achieve visible market share in Brazil and offer high quality general and life insurance products and services to a large number of customers - individual and corporations - throughout the country. The partnership with Banco Mercantil allows us to operate effectively and profitably in this market by focusing on customer, product and distribution