Announced
Financials
Sources
Tags
Friendly
Acquisition
Pending
brokerage services
Single Bidder
Insurance Brokers
Hong Kong
Domestic
insurance brokerage services
Majority
Private
Singapore
Synopsis
Pacific Prime, an insurance services provider, agreed to acquire the brokerage business of CXA Group, a full line insurance services provider. Financial terms were not disclosed. Proceeds from the deal will be used to finance CXA's expansion into Europe, where the firm has seen demand from European insurers and their bank partners.
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