Cornerstone and Linkage agree to merge

Cornerstone Insurance and Linkage Assurance managements informed financial markets about their intention to merge, in a move that will include the transfer of all Linkage Assurance’s assets and liabilities as well as its intellectual property rights to Cornerstone Insurance. Linkage Assurance titles will be withdrawn from the financial stock market. The company’s shareholders will get a 30% stake in the new entity, that is, the equivalent of 74% of Linkage Assurance’s current capital. The terms of this transaction are still under evaluation by the supervisory authorities.