American Financial Group (AFG) has consolidated its ownership of Lloyd's insurer Marketform five years after acquiring a majority stake in the business.
The Cincinnati-headquartered insurer agreed to pay $74mn in 2007 to acquire a 67 percent stake in the firm and subsequently increased its share to 72 percent.
In a brief statement yesterday (30 August), AFG said it had consolidated its holding to 100 percent on 24 August. The terms of the transaction were not disclosed.
It is understood the...
You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.