He wouldn’t disclose financial terms of the potential sale. ![]() The deal must be approved in California, which could take nine months, said Evan Johnston, Wawanesa’s executive vice-president of strategy and related business. On Tuesday, the Winnipeg-based corporation announced its agreement to sell the Wawanesa General Insurance Company to the Automobile Club of Southern California, an affiliate of the American Automobile Association (AAA). Wawanesa Mutual Insurance is on the road to selling its United States subsidiary to one of California’s largest auto insurers. ![]() ![]()
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