QBE Insurance Group announced Wednesday it has agreed to acquire Optima Insurance Group, an underwriting group in Puerto Rico that posted an estimated $100 million in gross written premium in 2011. The financial terms of the deal were not revealed.
AT&T announced Wednesday its ongoing expansion of its 4G LTE network on the island, rolling it out to parts of Aguada, Aguadilla, Añasco, Mayaguez, Rincon, Moca and Hormigueros. The added areas comes a month after AT&T introduced 4G LTE in parts of the San Juan metropolitan area on Nov. 20.
As 2011 wraps up, the Puerto Rico Manufacturers Association — one of the island’s most important trade organizations — took stock Tuesday of the last 12 months, concluding that a trio of major administration-backed measures significantly set back competitiveness by hindering free trade and industrial growth.
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