Zurich Sells Mountbatten Surety Unit
NU Online News Service, April 7, 4:22 p.m.EST?Zurich North America said today it has completed thesale of its Mountbatten Surety Company Inc. to Sealord, LLC., aninvestment group.
Mountbatten Surety focuses on the "small" surety market,principally in bonds for construction projects, Zurich stated. Theinsurer noted the transaction underscores its commitment toconcentrate on core markets and insurance-based products.
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