Delaware News

Business Moves

Hub, Apax, Morgan Stanley Hub International Limited, which got its start in 1998 when 11 Canadian brokers merged and has since grown through acquisitions into one of the largest insurance brokers in North America, is being acquired by funds advised …

Where can the agricultural producer turn for economic relief?

Winter storms force farmers and ranchers to take a close look at how to protect their revenue In the wake of the devastating January 2007 agricultural events, including the citrus freeze in California and the Colorado livestock blizzard, farmers and …

Business Moves

Hub, Apax, Morgan Stanley Hub International Limited, which got its start in 1998 when 11 Canadian brokers merged and has since grown through acquisitions into one of the largest insurance brokers in North America, is being acquired by funds advised …

Figures

50% The Houston area has nearly $1 billion of commercial insurance market capacity for downstream energy risks, or about 50 percent of the total amount available worldwide, according to Willis Group Holdings. Willis said the growth in capacity is being …

My New Markets

Nursing Home Liability Nuts & Bolts: Quadrant Insurance Managers, a national management general agency, has expanded its nursing home liability product into Texas. This product offers professional and general liability coverage to Texas and Florida nursing homes (skilled nursing facilities); …

Business Moves

Royal Sun, Arrowpoint Capital Delaware Insurance Commissioner Matthew Denn conditionally approved a management buyout of Royal and Sun Alliance Insurance Group’s U.S. operations. Denn ruled that there is no legal or financial basis to reject the buyout, although he stressed …

Where can the agricultural producer turn for economic relief?

In the wake of the devastating January 2007 agricultural events, including the citrus freeze in California and the Colorado livestock blizzard, farmers and ranchers are looking for answers — hard answers dealing with their economic survival. In California alone, damage …

Royal & Sun Management Team Completes Buyout of U.S. Businesses

Arrowpoint Capital Corp. has completed the acquisition of all Royal & SunAlliance USA businesses formerly owned by Royal & Sun Alliance Insurance Group plc of London. Arrowpoint Capital Corp. was formed in June 2006 by the senior management and outside …

Delaware Lawmakers Unveil New Bill to Ban Credit Scoring

Delaware Insurance Commissioner Matt Denn and legislators on Friday unveiled legislation to ban all use of credit scores in setting auto and homeowner insurance rates. Denn was joined by the prime sponsors of the bill (Senate Bill 31) including state …

State Farm Announces $1.2 Billion Mutual Auto Policyholder Dividend