The deal was completed on Dec. 28 and was first announced in September 2018. Hanover Insurance Group has finalised the 100 percent equity sale of Hanover Insurance Group to China Reinsurance (Group ). Hanover -based Chaucer makes up a major portion of London 's Lloyd's international specialty unit and its acquisition by China Re is expected to close by the end of first quarter in 2019 , subject to regulatory approval. The deal is a significant milestone in China Re's global expansion, as the company said it would strengthen its core insurance business and help it to better serve the Chinese Belt and Road Initiative.
Hanover Insurance Group has finalised the 100 percent equity sale of Hanover Insurance Group to China Reinsurance (Group ). Hanover -based Chaucer makes up a major portion of London 's Lloyd's international specialty unit and its acquisition by China Re is expected to close by the end of first quarter in 2019 , subject to regulatory approval. The deal is a significant milestone in China Re's global expansion, as the company said it would strengthen its core insurance business and help it to better serve the Chinese Belt and Road Initiative.