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UK Insurer Expands with Uruguay Purchase

Nov 20, 2012

UK-based financial services firm Old Mutual has agreed to acquire a majority stake in AIVA, an Uruguay-based family-held business with over $800m under management, it says. The two have had a distribution relationship and been connected for more than 15 years, says Old Mutual, which plans...

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The most pressing issue is related to guaranteeing this growth of the system, the savings. We have to guarantee that this growth is followed by better asset managers on the side of the Afores.

Carlos Ramírez, Mexico’s pension regulator, Consar


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