Browsing: liquidation

Meritz Fire & Marine Insurance abandons acquisition of MG Insurance due to union resistance, putting 1.24 million policyholders at risk.

Meritz Financial Group terminated its acquisition of the financially struggling MG Non-Life Insurance, raising the prospect of liquidation.

After a failed fifth attempt to sell MG Non-Life Insurance, the state-run KDIC is now considering liquidation.

MG Non-Life Insurance Co. is heading toward liquidation as a potential buyer terminated its takeover bid due to disagreements with the labor union.

Meritz Financial Group terminates its bid to acquire MG Non-Life Insurance, leading to potential liquidation of the financially struggling insurer.