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Ageas completed the acquisition of a 25% stake in Taiping Reinsurance from China Taiping for $399m.

Synopsis

Ageas, a Belgian multinational insurance company, completed the acquisition of a 25% stake in Taiping Reinsurance, a reinsurance company, from China Taiping, a Chinese insurance conglomerate, for $399m. “We have a long-term strategic partnership with Ageas. This transaction further reinforces the collaboration between Taiping and Ageas, and we believe such collaboration will create synergies and support our ambition to grow our global reinsurance business especially in the European markets,” Wang Sidong, CTIH CEO.

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