New China Life, the country’s third-largest life insurer, has filed an application to list in a dual Hong Kong and Shanghai IPO, sources said, braving volatile markets to raise up to $4 billion. New China Life, in which Swiss insurer …
France’s SCOR Group announced that it has finalized the acquisition of the mortality portfolio, including the operational assets and personnel, of Transamerica Re, a division of The Netherlands-based AEGON. SCOR said it “has obtained all the necessary approvals from the …
Transatlantic Holdings has agreed to discuss National Indemnity Co.’s offer to acquire all of its common stock for $52 per share. Transatlantic said that the National Indemnity offer does not now constitute a “superior proposal” but that it is “reasonably …
Hub, WBS Hub has acquired the assets of Workplace Benefit Solutions (WBS) a Manchester, New Hampshire-based employee benefit brokerage and consulting firm. Terms were not disclosed. WBS will become part of Hub International New England, and its employees will remain …
FPIC, The Doctors Co. One of Florida’s major medical malpractice insurers is seeking state approval to be sold to an out-of-state insurance group with the initial price tag expected to total $365 million. The Florida Office of Insurance Regulation has …
Motorists Insurance Group American Hardware Mutual Insurance Co. has been renamed Motorists Commercial Mutual Insurance Co. (MCM). The move is part of the restructuring of American Hardware, which began March 1, 2011. MCM is a commercial lines insurer that offers …
PEMCO Insurance PEMCO Insurance is offering home and automobile insurance coverage in Oregon. The Northwest company said it initially will focus its marketing efforts on the greater Portland area, but other Oregon residents can receive home and auto insurance quotes …
There seems to be a slight divergence of views between Validus Holdings and Allied World over the current status of their respective efforts to acquire Transatlantic Holdings, Inc. Following Transatlantic’s decision to reject its latest offer, and to file a …
Reinsurance company Transatlantic Holdings Inc said Thursday it has filed suit against its unsolicited suitor, Validus Holdings Ltd., and rejected its offer as “inferior and highly conditional.” Transatlantic also established a poison-pill plan to keep anyone from taking control of …
Bermuda-based reinsurer Validus Holdings took its $3.2 billion offer to buy Transatlantic Holdings, Inc. directly to shareholders on Monday, after rejecting its rival’s conditions for merger talks. It was the second time in two years that Validus launched a hostile …
