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 …
The Main Street America Group announced that Steve Berry has joined the super regional property/casualty insurance carrier as president of its New England Region. Berry, who has background leading property/casualty sales operations in the New England marketplace, will report to …
Financial executives at the world’s largest companies expect the severity of their most prevalent business risks to remain constant or intensify through 2009, according to the “Managing Business Risk Through 2009 and Beyond” study commissioned by commercial and industrial property …
HSBC Bank plc and Norwich Union Insurance, the U.K. operating company of the Aviva Group, announced plans to create a joint-venture general insurance company to underwrite and distribute products to HSBC’s 10.2 million customers in the U.K. A bulletin from …
Bermuda’s XL Capital Ltd. has posted its plans to hold its second “Global Day of Giving” on Thursday, May 10, 2007. XL sponsors the program in support of the communities in which its companies operate. Last year’s first Global Day …
GMAC Insurance, the insurance business of GMAC Financial Services, has agreed to acquire Provident Insurance, the United Kingdom-based auto insurance division of Provident Financial PLC. The acquisition will complement GMAC’s existing U.K. insurance operations and support European growth initiatives. The …
A.M. Best Co. has released a report on the U.K. non-life market, the third largest in the world. It is more or less dominated by five companies — Aviva, Royal Bank of Scotland (RBS), Royal & Sun Alliance, AXA and …
Chicago-based Aon Corp., said last week that the first-quarter profit rose 8 percent as the company collected higher brokerage fees in other countries and bolstered its own insurance underwriting. Net income for the quarter was $213 million, or 66 cents …
Aviva The U.K.-based Aviva Group announced plans to expand in Russia. One year ago, the company launched Aviva Russia, and it is now poised to enter the direct sales market with its Moscow-based direct sales force. The company said it …
Estimating the potential costs of future weather related events, linked to climate change, is, at best, an inexact science; there are just too many variables. Nonetheless, a picture is emerging that, whatever happens, the costs are likely to be huge. …
