ATLANTA – ING Group has spent $791 million to acquire a majority interest of Seguros Comercial America from Savia SA de CV. ING now has an 87% stake in Seguros Commercial, which has a distribution network of more than 8,000 agents and in sales, has an 8% share of Mexico's life/health insurance market and a 39% share of its property /casualty market. This latest purchase adds to ING's Mexico presence.

NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.