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4 months ago
BRIEF-Progressive Direct Insurance Company to sell Australian operations to Hollard Insurance Company
March 21, 2017 / 9:16 PM / 4 months ago

BRIEF-Progressive Direct Insurance Company to sell Australian operations to Hollard Insurance Company

1 Min Read

March 21 (Reuters) - Progressive Corp -

* Progressive Direct Insurance Company enters into agreement to sell Australian operations to Hollard Insurance Company

* Agreements also provide for PD Insurance Agency Pty Ltd, a new company created and partly owned by Hollard

* Parties expect transfer will be effective in Q4 of 2017

* Says Hollard will acquire progressive's portfolio of insurance policies in Australia Source text for Eikon: Further company coverage:

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