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World 13 Oct 2020 | 12:36 AM

Daimler, Swiss Re launch JV to "transform" car insurance business

BERLIN, Oct. 12 (Xinhua) -- German car manufacturer Daimler and global reinsurance giant Swiss Re have launched Movinx, a 50-50 joint venture (JV), to "transform the automotive and mobility insurance business," the two companies announced on Monday.