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Sidley, Debevoise Guide $950M Insurance Co. Acquisition

Law360 (September 13, 2018, 7:56 PM EDT) -- Attorneys at Sidley Austin LLP and Debevoise & Plimpton LLP hammered out the details of a $950 million deal announced Thursday that will see China Reinsurance Corp. acquire the international specialty insurance businesses that make up Chaucer Insurance Group PLC from Massachusetts-based The Hanover Insurance Group.

While Hanover turns its focus to property and casualty holdings in the U.S., the agreement promises clients in more than 200 countries and territories to China Re, which is already the world’s eighth-largest reinsurance company. State-owned China Re paid Hanover $85...
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