Medical Protective, Princeton Berkshire Hathaway’s medical professional liability insurance unit Medical Protective Co. is purchasing New Jersey-based Princeton Insurance Co., a professional liability insurer for healthcare providers. Princeton Insurance was previously owned by Medical Liability Mutual Insurance Co., a New …
Atlantic Specialty Lines, Financial Guarantee Underwriters, American Tri-State Underwriters Atlantic Specialty Lines Inc. (ASL) announced it has acquired Financial Guarantee Underwriters Inc. and American Tri-State Underwriters Inc. Financial Guarantee Underwriters has been serving the surplus insurance needs of the independent …
Allstate, Esurance, Answer Financial The Allstate Corp. said it has obtained all required regulatory approvals and closed its acquisition of Esurance and Answer Financial from White Mountains Insurance Group Ltd. The purchase price was approximately $1 billion. Esurance provides personal …
Burns & Wilcox, Kimbrell Insurance Wholesale broker Burns & Wilcox has purchased Kimbrell Insurance Group Inc., a wholesale broker and underwriting manager in South Carolina. Kimbrell was founded in 1986 and is located in the Myrtle Beach, S.C. area. Burns …
European insurers AXA SA, Assicurazioni Generali SpA, Japan’s Tokio Marine and MS&AD Insurance Group are among suitors to submit first round bids for HSBC’s non-life insurance business, sources with knowledge of the matter told Reuters, in a deal worth about …
Catalina Holdings (Bermuda) Ltd announced that following regulatory approval from the Colorado and Hawaii Departments of Insurance, it has completed the acquisition of Residential Loss Control Holdings, LLC (RLCH), which owns two risk retention groups, National Home Insurance Company (NHIC) …
Bermuda-based reinsurer Transatlantic Holdings Inc , which has been at the center of a months-long buyout battle, said it entered talks and signed a confidentiality agreement with a fourth, unnamed, suitor. Transatlantic is already in discussions with Validus Holdings Ltd., …
Standard & Poor’s Ratings Services has affirmed its ‘A-‘ counterparty credit and financial strength ratings on Harleysville Mutual Ins. Co. and its affiliates, as well as the counterparty credit rating on Harleysville Group Inc. (HGI), and has revised its outlook …
USI, First Place Insurance New York-based USI Insurance Services has acquired substantially all of the assets of First Place Insurance Agency Ltd. (First Place Insurance) of Youngstown, Ohio, from First Place Financial Corp. Additionally, USI has entered into a marketing …
Selective Insurance, Montpelier Re Selective Insurance Group is acquiring Montpelier U.S. Insurance Company (acronym MUSIC), an excess-and-surplus lines unit from Montpelier Re U.S. Holdings Ltd., for $55 million. Selective said the deal should be completed before the end of the …
