The logo of Zurich Insurance Group in Zurich, Switzerland. In 2011 it acquired MAA Group Bhd
PETALING JAYA: Sanlam Emerging Markets, a unit of South African insurance company Sanlam Ltd, is buying 51% of MCIS Zurich Insurance Bhd for about US$118.4mil (RM385mil).
The acquisition confirms a StarBiz report published in February that the South African insurer was in talks to buy a stake in MCIS Zurich.
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