Zenith AgriBusiness Solutions In what appears to be its first foray into offering liability coverages, Zenith Insurance Co., a workers’ compensation insurance specialist, is offering agribusiness insurance in California. Through its AgriBusiness Solutions Division, the company is providing: Commercial property …
Hanover, Chaucer A half-billion dollar deal that would make Lloyd’s insurer Chaucer part of Massachusetts-based The Hanover is in the works. The transaction involves a cash-for-stock swap valued at $510 million, which The Hanover said it plans to pay for …
Fremont Michigan, Auto Club Fremont Michigan InsuraCorp Inc., a Michigan-exclusive property and casualty insurer, agreed to be acquired by Auto Club Insurance Association (ACIA), also based in Michigan. Under the terms of the announced merger agreement, ACIA will acquire all …
French reinsurer SCOR is set to pay $913 million for most of Dutch insurer Aegon’s Transamerica Reinsurance operations. When concluded, the combined companies would become the second largest life reinsurer in the U.S. Aegon, which has been winding down and …
A.M. Best Europe – Rating Services Limited has commented that the financial strength rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 1084 the ICR of “bbb” of the UK’s Chaucer Holdings PLC (CHP) are …
Reno, Nev.-based Employers Holdings Inc., whose subsidiaries are specialty providers of workers’ compensation insurance focused on small businesses, announced it will review the company’s first quarter 2011 financial results during a conference call and Webcast Thursday, May 5, 2011, at …
Pasadena, Calif.-based Statewide Insurance Brokers, a broker of contractors insurance for general liability, workers’ compensation, commercial vehicle coverage and bonds, has added Oregon to the states the company is licensed to operate in. In addition to contractor general liability insurance, …
Lloyd’s insurer Chaucer plc has issued a statement endorsing the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Chaucer by 440 Tessera Limited (BidCo), a wholly-owned subsidiary of U.S. insurer …
Germany’s Hannover Re, the third largest global reinsurer, has reached agreement with Scottish Re (US) on the acquisition of a reinsurance portfolio as part of a transaction. The other part involves the transfer of a block of term life policies. …
Insurance Inc. has opened a new office in Fillmore, Calif., to be headed by Bill Steiger. Steiger began his insurance career in 1974 and brings a great deal of experience to the company. He owned his own successful agency for …
