trending Market Intelligence /marketintelligence/en/news-insights/trending/GWAV37S6kqHgx0mZ-yvjjw2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

China Re-Chaucer deal gets European Commission approval

Blog

Tracking Credit Risk of a Major U.S. Retailer

Corporate America Not Likely To Unwind COVID-19 Debt Buildup Despite Credit Hits

Blog

Q&A: Navigating Climate Risk as a Financial Risk

Infrastructure Issues: Tools to Dig Deep on Potential Risks


China Re-Chaucer deal gets European Commission approval

The European Commission approved China Reinsurance (Group) Corp.'s proposed acquisition of Lloyd's of London business Chaucer PLC.

China Re will acquire Chaucer from Hanover Insurance Group Inc. for $950 million. The EC noted that there are horizontal overlaps between the companies' activities, but that no competition concerns arise because the combined market positions will be limited.

Chaucer comprises the businesses of U.K.-based Hanover Insurance International Holdings Ltd., Ireland-based Chaucer Insurance Co. Designated Activity Co. and Australia-based Hanover Australia HoldCo Pty Ltd.