insurance operations News

City National Bank, headquartered in Charleston, W. Va., has sold its insurance operations, CityInsurance, to Richmond, Va.-based The Hilb Group. City National’s parent, City Holding Co., said the sale was effective Jan. 1. Under the agreement, James Myers will remain …

Thailand’s Thanachart Bank Pcl, backed by Canada’s Bank of Nova Scotia, is preparing to sell its insurance operations in a deal could fetch about $500 million, sources familiar with the matter said on Friday. The sale would likely include a …