Navigators Group Inc. has closed the previously announced acquisitions of Belgium-based Assurances Continentales – Continentale Verzekeringen NV and Bracht, Deckers & Mackelbert NV.
Navigators paid for €35 million in cash as consideration for the acquisition.
As part of the transaction, Navigators also acquired Canal Re SA, a Luxembourg reinsurance company that is a wholly owned subsidiary of Assurances Continentales.
