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Wednesday, 08 March 2017 13:56

Non-standard auto insurer Echelon completes sale of European operations

Written by http://www.canadianunderwriter.ca

canadaEchelon Financial Holdings Inc. announced Tuesday it has completed the sale of its European operations, which provide non-standard auto through Danish insurer Qudos Insurance A/S.

At current exchange rates, Mississauga, Ont.-based Echelon will receive about $5.1 million on closing “and an additional $17.2 million prior to December 31, 2017,” the firm said in a press release. READ ON

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