Harleysville Mutual Insurance Company has completed the in-market acquisition of Penn Mutual Insurance Company’s operations. Harleysville Mutual owns 56 percent of Harleysville Group Inc., a publicly traded holding company for nine regional P/C companies. “We’re pleased to have finalized this …
Floridians’ ability to obtain healthcare services is being disrupted statewide as hospitals are forced to close units or reduce services due to the medical liability insurance crisis, new information shows. The erosion of hospital services is not limited to one …
Endurance Specialty Holdings announced that its U.S. subsidiary, Endurance Reinsurance Corporation of America (Endurance Re) has received Endurance’s group rating of A- (Excellent) from A.M. Best. Endurance Re is licensed as a New York domestic insurer for all lines of …
Willis Group Holdings announced the asset acquisition of Sunaro Inc., an employee benefits technology solutions company which delivers web-based benefits communication, enrollment, and administration services. Sunaro has built HR/benefits software with the mid-sized company in mind, designed to be fast, …
Betty Loren-Maltese, the former Cicero Town President, who was convicted of participating in an insurance fraud scheme last August along with six other defendants, apparently gambled heavily over the past three years, wagering as much as wagered $18.8 million at …
Hub International Limited announced that it has completed the purchase of Indiana- based insurance broker, Fifth Third Insurance Services, Inc. The Chicago-based broker may have set some kind of record as well. It only announced that an agreement had been …
Bermuda-based AlphaStar Insurance Group Limited announced that it has repurchased all of the Company’s shares formerly held by various Goldman Sachs entities, amounting to 2,181,775, or 22.9 percent, of the 9,519,972 shares currently outstanding (net of 443,400 current treasury shares). …
Fitch Ratings announced that it has affirmed the Insurer Financial Strength ratings of the SCOR Group at ‘BBB’ and the Long- and Short-term ratings of SCOR at ‘BBB-‘ (‘BBB minus’) and ‘F3’, respectively, and has removed them from “Rating Watch …
Houston’s HCC Insurance Holdings, Inc. announced that it has completed the acquisition of the St. Paul’s Spanish operations, St. Paul Espana, Compania de Seguros, S.A., headquartered in Madrid. The acquired operations will be renamed Houston Casualty Company Europe, Compania de …
New Jersey Banking and Insurance Commissioner Holly Bakke announced an extension of the “Last Chance” program for the state’s uninsured motorists; the new deadline is now Feb. 28, 2003. Initially scheduled to expire Dec. 31, the program waives certain underwriting …
