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SEARCHThe investor group Hellman & Friedman has recently acquired Universal Underwriters Group. The stock purchase agreement, valued at $1.1 billion, was made with parent company Zurich Financial Services Group in April.
The investor group Hellman & Friedman has recently acquired Universal Underwriters Group. The stock purchase agreement, valued at $1.1 billion, was made with parent company Zurich Financial Services Group in April.
According to AutmotiveDigest.com, the investors were said to be attracted to Universal Underwriters' dominant position in the market.
Hellman & Friedman will not change the management or products of Universal Underwriters, and company executives say operations will stay the same as well.
Universal Underwriters provides finance and insurance for approximately 2,000 dealers and holds around 40 percent of the market.
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