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Canadian Insurer IAG acquires Texas-based American-Amicable Insurance

Industrial Alliance Insurance and Financial Services (IAG), a Quebec-based insurance and financial services company has reached an agreement on purchasing all outstanding shares in American-Amicable Holding Inc., owner of U.S. life insurer American-Amicable Life Insurance Company of Texas for C$ 145 million (US$ 144 million). Industrial Alliance is carrying out the acquisition through their…

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