The Hartford today announced that its board of directors has unanimously rejected rival insurer Chubb’s unsolicited proposal to acquire The Hartford for $23.24 billion. The Hartford said its board determined that entering into discussions regarding a strategic transaction “would not …
North Andover, MA, March 11, 2021- The Detection Group, Inc., a provider of wireless water security solutions and the leader in wireless water leak detection for commercial buildings, has joined the Watts family of brands. Incorporating cutting-edge technology, its Trident™ …
All Tesla Inc. directors except Chief Executive Officer Elon Musk agreed to a $60 million settlement to resolve shareholder lawsuits over the company’s purchase of SolarCity, according to court filings. Insurers covering Tesla’s directors and executives will foot the bill …
Zurich Insurance Group AG said it will exceed all of its financial targets as the global insurer benefits from a three-year turnaround plan that slashed costs. The combined ratio, a key measure of underwriting performance, declined to 95.1%, the company …
Dania, FL, 10/10/13 – Anthony L. Johnson, Chief Executive Officer of First Light Program Managers, Inc. and Gregory B. Crotty, President of Frontline Underwriters, Inc. of Madison, Mississippi announced today that they have entered into an agreement for First Light …
San Diego, CA, 4/4/13 – Atlas General Insurance Services, LLC, is pleased to announce its acquisition of South Bay Underwriters, LLC, from Bliss & Glennon, a leading national managing general agency and surplus lines broker. Upon closing of the transaction, …
T&H Global Holdings, LLC (T&H), a provider of specialized insurance claims services to insurance carriers, insurance brokers, corporations and public entities, announced that its VeriClaim, Inc. (VeriClaim) subsidiary has acquired Cramer, Johnson, Wiggins & Associates, Inc. (CJW), provider of loss …
Penn Millers Holding Corp., which provides property and casualty insurance through its wholly owned subsidiary, Penn Millers Insurance Co., has agreed to be acquired by a subsidiary of ACE Limited for $20.50 per share in cash. The purchase price represents …
Avizent, a national claims and risk management service provider, announced the acquisition of F.A. Richard and Associates (FARA), a nationwide provider of workers’ compensation and liability claims management services based in Mandeville, Louisiana. With this acquisition, Avizent will become the …
The bailed-out Dutch insurer Aegon NV says it has agreed to sell the reinsurance business of its Transamerica arm to France’s Scor SE for $1.4 billion in cash and capital. The Hague, Netherlands-based Aegon said it will use the proceeds …