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Article: Gerling Global Re Finalizes Purchase of Constitution Re Corporation.
- Article from:
- PR Newswire
- Article date:
- October 27, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, Oct. 27 /PRNewswire/ -- Gerling Global Reinsurance Corporation of Cologne, Germany (Gerling Global Re), one of the world's largest international reinsurers, together with its United States subsidiary Gerling Global U.S. Investments Inc. (GGUSI), has completed the acquisition of Constitution Re Corporation and its subsidiaries. In addition, Gerling Global Re has acquired Rex Re, a Bermuda-based company. This transaction concludes an agreement announced in July.
"The acquisition of Constitution Re has strengthened our international presence, and has allowed the Gerling Group to achieve a quantum leap in the U.S. reinsurance market," commented Norbert ...