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MAPFRE to acquire Commerce Group in 2.2 billion dollars deal

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<title>MAPFRE to acquire Commerce Group in 2.2 billion dollars deal</title>
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<namePart>Jones, Marc</namePart>
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<abstract>Spanish insurer MAPFRE has bought up Massachusetts-based insurer Commerce Group for 2.21billion dollars. Describing it as "the largest investment in the history of the group", MAPFRE said that it intented to forld Commerce, the largest writer of private-passenger automobile insurance in Massachusetts, into its U.S. operations, giving it a key boost in the U.S. market</abstract>
<note type="statement of responsibility">Marc Jones</note>
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<name type="corporate">
<namePart>INERCO</namePart>
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<name type="corporate">
<namePart>Commerce Group</namePart>
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<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080586294">
<topic>Mercado de seguros</topic>
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<topic>Adquisición de empresas</topic>
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<topic>Empresas de seguros</topic>
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<publisher>Oldwick, New Jersey</publisher>
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<identifier type="local">MAP20077100109</identifier>
<part>
<text>December 2007 ; [1] p.</text>
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