AFG acquires 100% of Lloyd’s insurer Marketform
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...
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