Validus Holdings Ltd offered to buy reinsurer Transatlantic Holdings Inc for about $3.5 billion in cash and stock, trumping Allied World Assurance Co Holdings’ all-stock offer. Validus offered 1.5564 in shares and a special dividend of $8 in cash for …
Zurich North America has relocated its Southwest regional office in Glendale, Calif., to downtown Los Angeles. The move affects roughly 150 personnel — executive management, underwriting (workers’ compensation, liability, auto, property, professional, directors & officers, surety, umbrella, railroad, health care, …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 1084. In addition Best affirmed the ICR of “bbb” of Chaucer Holdings PLC …
Aon Risk Solutions, the global risk management and insurance brokerage business of Aon Corp., announced the Hong Kong opening of its space insurance practice, International Space Brokers (ISB). The bulletin said Craig McGilvray will be based in Hong Kong and …
Arthur J. Gallagher, Bushong Agency Illinois-based global insurance broker Arthur J. Gallagher & Co. has acquired retail broker Bushong Insurance Associates Inc. in Ponte Vedra Beach, Florida. Terms of the transaction were not disclosed. Bushong specializes in residential condominium and …
San Diego Insurance Women, CMR Risk & Insurance Services San Diego Insurance Women, an affiliate of the National Association of Insurance Women, International, presented the Employer of the Year award to CMR Risk & Insurance Services Inc. This award is …
McGowan Insurance, Keystone McGowan Insurance Group Inc. of Indianapolis has become Keystone Insurers Group’s 27th franchise partner in Indiana. Led by Hugh M. McGowan, McGowan Insurance has roots dating back to the Great Depression. The agency offers full-service insurance and …
Transatlantic, Allied World Transatlantic Holdings, Inc. and Allied World Assurance Co. Holdings, AG have agreed to a merger that will create a leading, global specialty insurance and reinsurance company. The combined entity will have total invested assets of $21 billion, …
Lloyd’s Novae Group plc announced that it has informed the advisers of Omega Insurance, another Lloyd’s insurer that it “has withdrawn from merger discussions.” Novae said it has “concluded that it is unlikely a transaction can be structured at this …
Bonita, Calif.-based McKenna Insurance Services has changed its name to BasePoint Insurance Services. This change becomes effective on July 1, 2011 (exactly 16 years after McKenna Insurance Services opened its doors for business). BasePoint Insurance Services is an independent insurance …
