Edmund Kelly News

News Currents

Ohio Casualty officially joins the Liberty Mutual agency family With $7.3 billion in premium, Liberty Mutual Agency Markets now largest regional independent agency Boston-based insurance giant Liberty Mutual Group is now the largest regional provider of property and casualty insurance …

Liberty Mutual Realigns Agency Companies to Welcome Ohio Casualty

Boston-based Liberty Mutual Group finalized its acquisition of Ohio Casualty Corp. on Friday, Aug. 24, 2007 and immediately announced a realignment of its $5.9 billion net premium regional agency company organization to make room for Ohio Casualty and its $1.4 …

Business Moves

Synercon Insurance Holdings In Nashville, Tenn., two insurance industry veterans have formed Synercon Insurance Holdings, a venture that will acquire and link leading independent insurance agencies. David D. Haynes, serving as CEO of Synercon, is the founder and former chairman …

AIG, Liberty Mutual Given Go-Ahead for Wholly-Owned Subsidiaries in China

American International Group, Inc. and Liberty Mutual Group have each been been granted approval by the China Insurance Regulatory Commission (CIRC) to establish a wholly owned subsidiary in China. AIG said that its subsidiary, AIU Insurance Co. (AIU), has been …

Business Moves

Liberty Mutual, Ohio Casualty Boston-based Liberty Mutual Group has agreed to buy Ohio Casualty Corp. of Fairfield, Ohio, in a transaction valued at approximately $2.7 billion. Liberty Mutual will acquire all outstanding shares of common stock of Ohio Casualty for …

Business Moves

United Heritage, Alliance Mutual Insurance Alliance Mutual Insurance Co., headquartered in Greensboro, N.C., and United Heritage Financial Group Inc., based in Meridian, Idaho, have reached a preliminary agreement under which United Heritage will acquire Alliance. Alliance, founded in 1976, is …

Liberty Mutual to Acquire Ohio Casualty for $2.7 Billion

Boston-based Liberty Mutual Group has agreed to buy Ohio Casualty Corp. of Fairfield, Ohio, in a transaction valued at approximately $2.7 billion. Liberty Mutual will acquire all outstanding shares of common stock of Ohio Casualty for $44.00 per share in …

News Currents

Mass. auto report offers map to move state to limited price competition Also, advises against assigned risk pool change at this time and against erasing subsidies or allowing credit scoring A special auto insurance study group appointed by Massachusetts Gov. …

Mass. auto report offers map to move state to limited price competition

Also, advises against assigned risk pool change at this time and against erasing subsidies or allowing credit scoring A special auto insurance study group appointed by Massachusetts Gov. Deval Patrick has recommended modest changes to introduce limited pricing competition to …

News Currents

Mass. auto report offers map to move state to limited price competition Also, advises against assigned risk pool change at this time and against erasing subsidies or allowing credit scoring A special auto insurance study group appointed by Massachusetts Gov. …