CBL acquires majority stake in SFS

New Zealand-based credit and financial risk (re)insurer CBL
Corporation has completed a EUR94.5mn ($100mn) acquisition of 71
percent of Securities and Financial Solutions Group (SFS), it
announced this morning.
SFS is France's largest specialist producer of construction
insurance, and CBL's largest single client. The deal also sees
CBL acquire SFS's claims management operation IMS Expert
Europe.
The transaction closed on 5 January following approval from the
Commissariat aux Assurances in Octobe