Parts of Kansas City, Mo., the insurance business are sold to Canadian companies
The majority of operations Kansas City Business Men’s Assurance Co. of America are sold to a giant Canadian financial services for $ 220 million, the company announced Tuesday.
RBC Insurance, the insurance arm of Royal Bank of Canada in Toronto, she said the BMA plans to purchase life insurance and their operations Jones & Babson investment funds related businesses in two transactions.
The group Generali, Trieste, Italy, BMA purchased in 1990 but was Kansas City downsizing of the company in recent years. Generali keep BMA’s reinsurance and recast.
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