NU Online News Service, Oct. 11, 2:30 p.m. EDT
As part of the expansion of its operations in the Middle East, Zurich Financial Services Group said it has agreed to buy Lebanese insurer Compagnie Libanaise D'Assurances SAL.
Saad Mered, Zurich's Middle East chief executive officer, said the acquisition "complements our existing general insurance presence in Bahrain and the Dubai International Financial Centre."
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