The British newspaper Sunday Business reported that U.K. insurer Royal & Sun Alliance was considering the sale of the 22 percent stake it holds in NM Rothschild and Sons Ltd. the U.K. branch of the famous international financial institution. According …
Brown & Brown, Inc. has acquired Washington, N.J.-based Schumann & Welch. The transaction was effective June 1, 2000. Bowers, Schumann & Welch is a commercial lines insurance agency with offices in Washington, New Jersey and Bethlehem, Pennsylvania. The agency management …
Massachusetts insurers are fighting a recent determination by that state’s Auto Damage Appraisers Licensing Board (ADALB) that competitive auto parts are not of like kind and quality, saying it will cost consumers if it not reversed. The ADALB has been …
The San Diego-based Robert F. Driver Co. Inc. announced the formation of a strategic alliance with Affinity Insurance Services LLP. Driver, one of the largest independent insurance brokerage operations in the U.S., will take advantage of Affinity’s expertise with Native …
Hilb, Rogal and Hamilton Company has acquired substantially all of the assets of Granite Insurance Services, an insurance agency in Portland, Oregon. The acquisition establishes HRH’s initial presence in the Pacific Northwest as an insurance broker for middle-market businesses. In …
Under the terms of the transaction, CIGNA will receive cash consideration amounting to approximately $170 million. An estimated after-tax gain of $75 million will be recognized over the remaining life of the reinsured business (approximately 10 to 15 years). The …
Under the planned agreement, Citigroup will share the Ex-Im Bank’s risks, providing its own capital and guarantees. Ex-Im Bank advertised for the partnership in February, receiving eight proposals from commercial and international banks and insurance companies.
Once a Farmers customer accesses the Claims web page, they will be able to enter information such as their policy number, details surrounding the loss, where they can be contacted and the best time for Farmers to contact them. A …
Prudential Insurance Co. will invest up to $275.9 million in Kyoei Life Insurance Co., making it the biggest shareholder in Japan’s 10th largest life insurance company. The companies are expected to possibly create a joint venture to sell insurance and …
A Pennsylvania state judge has ruled that Insurance Commissioner M. Diane Koken must stop “stonewalling” American Re-Insurance Co.’s application for regulatory approval to buy surplus lines insurer United National Group. The commissioner has allegedly improperly stalled a proposed $350 million …
