Hilb Rogal & Hobbs announced that it has completed the previously announced acquisition of the stock of the London-based Glencairn Group Limited, effective January 1. (See IJ web site Dec; 21, 2006). Terms of the transaction have not been disclosed. …
Reinsurance rates for the property casualty industry are falling or flat, except for insurers with major property wind exposure along the Gulf and East Coasts in the U.S., whose rates are still rising. That is one key finding from an …
JANUARY Hallmark Aquires Aerospace Holdings Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation insurance products. Hallmark underwrites non-standard personal automobile insurance. The American National Bank of Texas of Terrell, …
Oregon Insurance Division, American Standard The Director of the Oregon Department of Consumer and Business Services Insurance Division reported that American Standard Insurance Company of Wisconsin entered into a stipulation agreement, based on an enforcement action by the Department. According …
JANUARY Hallmark Acquires Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation insurance products. Hallmark underwrites non-standard personal automobile insurance. American National Bank Acquires Dallas-based Sleeper, Sewell The American National …
The Dublin-based study group Research and Markets announced the addition of “Insurance: Global Industry Guide” to their offering. The bulletin described the new study as “an essential resource for top-level data and analysis covering the Insurance industry. It includes detailed …
Hilb Rogal & Hobbs has signed a definitive agreement to acquire the stock of Glencairn Group Limited, an independent Lloyd’s insurance and reinsurance broker group headquartered in London. HRH said the purchase price, which was not disclosed, “will consist of …
A.M. Best Co. reacted to yesterday’s announcement that Australia’s QBE has agreed to purchase Hannover Re’s Praetorian Financial Group, thereby taking over the German reinsurer’s North American operating units, with a series of bulletins. Best’s financial strength rating of “A” …
Australia’s QBE Insurance Group has agreed to purchase the Praetorian Financial Group (PFG), the US operation of Hannover Rueckversicherung AG (Hannover Re) for US$800 million, subject to regulatory approvals. QBE said the acquisition is complementary to its existing business in …
Insurance Australia Group Limited (IAG) announced plans to acquire the U.K.-based Equity Insurance Group, one of the country’s larger motor (auto) underwriters and brokers for £570 million (A$1.397 billion – US$ 1.12 billion). The deal would significantly expand IAG’s UK …
