CDPQ and OTPP-backed Constellation Insurance to acquire the Chile annuity business of Zurich Insurance Group.

CDPQ and OTPP-backed Constellation Insurance, an insurance holding company, agreed to acquire the Chile annuity business of Zurich Insurance Group, an insurance company that provides general insurance and life insurance products and services. Financial terms were not disclosed. “Today’s announcement marks another important step for Constellation, as we execute our growth strategy across segments through organic growth and inorganic investments. Together with our US life insurance and annuity segments, our Latin American operations are increasingly forming an integral part of the organization,” Anurag Chandra, Constellation Founder, Chairman and CEO.