Munich Re to acquire HSB Group from American International Group (AIG) - MarketLine Financial Deals

Munich Re to acquire HSB Group from American International Group (AIG)

Munich Re to acquire HSB Group from American International Group (AIG) - MarketLine Financial Deals
Munich Re to acquire HSB Group from American International Group (AIG)
Published Dec 22, 2008
2 pages — Published Dec 22, 2008
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Abstract:

Munich Re Group, a Germany-based reinsurance company, has agreed to acquire 100% stake in HSB Group, Inc., the parent company of Hartford Steam Boiler Inspection and Insurance Company (HSB), for $742 million in cash from American International Group, Inc. (AIG), a provider of insurance and other financial services. As part of the consideration, Munich Re will also assume $76 million of outstanding HSB capital securities.

  
Source:
Document ID
MA01013_081224
Country
Country
Ticker
AIG=US
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MLA:
MarketLine Financial Deals. "Munich Re to acquire HSB Group from American International Group (AIG)" Dec 22, 2008. Alacra Store. Dec 08, 2016. <http://www.alacrastore.com/storecontent/MarketLine-Financial-Deals/Munich-Re-to-acquire-HSB-Group-from-American-International-Group-AIG-2052-948>
  
APA:
MarketLine Financial Deals. (2008). Munich Re to acquire HSB Group from American International Group (AIG) Dec 22, 2008. New York, NY: Alacra Store. Retrieved Dec 08, 2016 from <http://www.alacrastore.com/storecontent/MarketLine-Financial-Deals/Munich-Re-to-acquire-HSB-Group-from-American-International-Group-AIG-2052-948>
  
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