Helvetia snaps up firms from fellow insurance giant

22nd September 2010, Comments 0 comments

Swiss insurer Helvetia buys three companies from Munich-based Allianz in a bid to continue its expansion strategy and boost its presence in the Romandie market. Following the announcement on Wednesday morning, Helvetia shares outperformed the Swiss market index which was dragged down by stock losses in Transocean and UBS.

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