ACE Limited announced the acquisition of ABA Seguros in Mexico from Ally Financial Inc. for approximately $865 million in cash. Established in 1958, ABA Seguros is Mexico’s sixth-largest property/casualty insurer and provides auto, homeowners and small business coverages. Based in …
The Hartford Steam Boiler Inspection and Insurance Company (HSB), part of Munich Re, announced a new concept in homeowners insurance, HSB HomeWorks, which combines breakdown coverage for home equipment systems, appliances and electronics with a suite of home energy management …
Stevens Point, Wis.-Sentry Insurance launched Sentry Insight, a risk management information system, to help companies and brokers manage, track and analyze claims at any time. The new information system launch provides an improved, customer-focused way for businesses to track claims …
Houston-based Rimkus Analytics, LLC, a specialist in electronic discovery and digital forensic consulting, announces the addition of social media discovery and electronic document processing to its list of forensic consulting services. Social Media Discovery Social media discovery has become a …
ISO launch its Enhanced Wind Rating Program, a commercial property rating program designed specifically to address the wind peril. The program provides a detailed review of building characteristics and geographic and environmental factors that may improve – or worsen – …
American Family Insurance has reached an agreement to acquire PGC Holdings Corp. (Permanent General Companies) and its subsidiaries, including non-standard auto insurers Permanent General and The General. The agreement was announced by American Family and Capital Z Partners, majority owner …
XL Group announced the opening of a new insurance office in Lyon. The office will be able to respond to the needs of a solid base of companies and broking houses in France’s Southeast region. Collaborating closely with underwriters from …
RLI Corp, a specialty insurance company serving under served markets, announced that it is offering a reduced liability attachment point for its personal umbrella policy for Florida residents. Personal umbrella coverage is now available to customers whose primary residence is …
Boston-based Liberty Mutual Insurance Group continued expansion of its Latin American operations by entering Ecuador’s insurance marketplace following the acquisitions of Panamericana de Seguros del Ecuador S.A. and Cervantes S.A. Compania de Seguros y Reaseguros, two insurers offering auto insurance …
One Call Medical (OCM), a company specializing in cost-effective claims resolution services, has joined the Alliance Partner Program of Acrometis, an automated claims processing platform provider. Acrometis’ Alliance Partner network targets the complex challenges of workers’ compensation companies as they …