Barents Re to sell stake in Mexican surety specialist Avanza
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Barents Re to sell stake in Mexican surety specialist Avanza

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Specialty reinsurer Barents Re has sold its stake in Mexico City-based surety specialist Fianzas Avanza, this publication has learned.

The Cayman Islands-headquartered carrier held a 49% stake in the Mexican firm, according to its 2021 annual report.

Barents Re began to build its position in the privately held Mexican insurer in September 2013, three years before the Latin American...

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