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