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News - QBE buys Mexican insurer Cumbre.
(From Reinsurance)
QBE has announced the acquisition of Mexican insurer Seguros Cumbre, subject to regulatory approvals.
Cumbre is a commercial-lines insurer of small-to-medium clients, which wrote $57m of gross premium in 2006. The company has 73 employees and offices in Mexico City, Guadalajara and Monterrey. QBE estimates that its net tangible ...
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