Covéa’s Sterling deal approved
Regulator approves acquisition of high net worth provider.
Covéa has received approval from the Prudential Regulation Authority (PRA) for its acquisition of Sterling Insurance Group, revealed by Insurance Age last year.
The French insurer said the deal will strengthen its position in the UK market and broaden its product offering.
The group said that, with Sterling's income total gross written premium in the UK market post acquisition will be close to £600m.
Competitive
Covéa said in a statement: "In line with its international development strategy
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