Liberty Mutual Group Inc. issued $750 million of bonds to help finance a payment to a unit of Warren Buffett’s Berkshire Hathaway Inc. for covering the insurance company’s liabilities tied to asbestos. The 4.85 percent, 30-year notes were sold to …
ABRA Auto Body & Glass, a national damaged vehicle repair company, announced the opening of its newest franchise repair center in Princeton, Minn. The company now operates 48 independently-owned franchises and 182 company-owned locations for a total of 230 in …
Toronto-based private equity firm Onex Corp. says it has agreed to acquire U.S. risk management firm York Risk Services Group Inc. for US$1.33 billion. Onex said Wednesday that the transaction is expected to close in the third quarter. York Risk …
Liberty Mutual Insurance said it has reached a deal with National Indemnity Co. (NICO), a subsidiary of Berkshire Hathaway Inc., on a combined aggregate adverse development cover for substantially all of Liberty Mutual’s U.S. workers’ compensation, asbestos and environmental liabilities. …
Starr Companies has announced the completion of its majority ownership of Shanghai-based Dazhong Insurance Company Limited of China. Going forward, the company will be known as Starr Property & Casualty Insurance (China) Company, Limited (Starr China). “We are pleased to …
Catastrophe modeling firm AIR Worldwide announced the expansion and relocation of its London office. The new space, which is more than twice the size of AIR’s previous London office, is designed to accommodate AIR’s significant growth in the London market …
Catastrophe risk modeling firm AIR Worldwide (AIR) announced that it has updated its Severe Thunderstorm Model for the United States. The comprehensive update to the model features significant enhancements to all three model components: hazard, engineering, and financial. The improvements …
Aon Affinity, the consumer, association and program business of Aon Risk Solutions, has completed its acquisition of StoneRiver National Flood Services, Inc. and related entities from StoneRiver Group, L.P. Financial terms were not disclosed. National Flood Services offers policy administration, …
Colorado Springs-based TWS Home Inventory and Asset Management Group celebrates its two-year anniversary and expansion of services to the entire Front Range of Colorado. TWS was founded after the Waldo Canyon Fire to provide third-party detailed documentation of all personal …
Valen Analytics, a provider of proprietary data, analytics and predictive modeling to help insurers manage and drive underwriting profitability, announced its new Risk Score for workers’ compensation within the InsureRight Platform. Last updated in 2010, the new Risk Score is …