A.M. Best Co. has commented that the ratings of the subsidiaries of Swiss-based Allied World Assurance Company Holdings, AG and New York-based Transatlantic Holdings, Inc. and its subsidiaries, are unchanged following the announcement of a definitive agreement to merge. Best …
Calgary, Alberta, Canada-based Anthony Clark International Insurance Brokers Ltd., has announced the sale by its United States subsidiaries Addison Low Cost Insurance Brokers Ltd. and Addison Bay Insurance Brokers Ltd. of the fixed assets and customers accounts of the Southern …
Lloyd’s insurer and syndicate leader R.J. Kiln, a member of the Tokio Marine Group, announced that it has bought a 49 percent share in California-based WNC Holdings – a provider of specialty insurance products and services to US-based financial institutions …
Taiwan’s financial regulator gave conditional approval on Thursday to AIG’s $2.2 billion sale of its Nan Shan Life insurance unit, bringing closer to an end an almost two year long sale saga. The U.S. insurer, looking to pay back the …
A.M. Best announced a number of rating actions as a result of the announcement on May 31 that that Intact Financial Corporation (IFC) has signed a definitive agreement to purchase 100 percent of the stock of AXA Canada Inc. Best …
Starr Companies announced that Starr International Company, Inc. has been approved by the China Insurance Regulatory Commission [CIRC] as a strategic equity investor of Dazhong Insurance Company Limited of China. Starr International said the approval allows it, “through its subsidiary, …
Acentria, Jim Harris Destin, Florida-based insurance agency Acentria has acquired Jim Harris & Associates, Inc., with offices in Mary Esther and Crestview. The office in Mary Esther will remain open until August and the Crestview office will relocate to Acentria’s …
Hub, The Transportation Group Hub International Ltd. (Hub) has acquired The Transportation Group Ltd. (TTG), a Dallas and Houston, Texas-based brokerage firm that specializes in insurance and risk management for the trucking industry. TTG will become part of Hub International …
Crump, Self Funded Alternatives Wholesaler broker Crump Insurance Services Inc. has acquired Self Funded Alternatives, an insurance intermediary specializing in self-insured workers’ compensation programs. SFA is based in Langhorne, Penn. and has associates in Las Vegas, Nev. and Woodland Hills, …
PMA Companies PMA Companies, a Pennsylvania-based provider of commercial insurance risk management solutions and TPA claims and risk services, opened an office in Schaumburg, Ill., and is offering property and casualty insurance and TPA services to employers throughout the state. …
