Zurich Financial Services Group said it has signed an agreement to purchase all of the remaining shares in the insurance brokerage firm Endsleigh, based in Gloucestershire, England. Transaction terms were not released.
The Zurich-based insurer said that after acquiring 45 percent of Endsleigh's stock in 2002, Zurich would now buy the rest of the shares held by the management team, as well as the shareholdings of the National Union of Students (NUS). The NUS represents 5.3 million students.
According to the NUS Web site, the volunteer organization represents local student representative organizations in the United Kingdom and Ireland that have chosen to affiliate.
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