business moves News

City National Bank Sells Insurance Operations to Virginia Company

City National Bank has sold its insurance operations to a Virginia company. City National’s parent, City Holding Company, says in a news release that the sale of CityInsurance to The Hilb Group in Richmond, Virginia, was effective Jan. 1. Under …

Ace to Buy Allianz’s Fireman’s Fund Luxury Unit

Ace Ltd. agreed to buy Allianz SE’s Fireman’s Fund unit serving wealthy clients to expand insurance of luxury homes, yachts and art collections as the seller narrows its focus in the U.S. Ace will pay $365 million in the deal, …

OneBeacon’s Renewal Rights To Lawyers Professional Liability Book Sold to Argo

OneBeacon Insurance Group, Ltd., a Bermuda-domiciled holding company, announced it has sold the renewal rights to its lawyers professional liability business to Argo Group US, Inc., a member of Argo Group International Holdings, Ltd. The transaction includes renewal rights to …

BusinessFirst Now Offers Workers’ Comp Coverage in Georgia

BusinessFirst Insurance Company, a monoline workers’ compensation company, announced that it is now offering coverage to employers in Georgia. The company is offering workers’ compensation coverage in Georgia for policies with effective dates of January 1, 2015, or later. In …

ABRA Auto Body & Glass Expands in Three States

Minnesota-based ABRA Auto Body & Glass, a national damaged vehicle repair company, expanded for the third time in just 30 days, in three separate states, and with three separate transactions. ABRA announced the acquisition of Consolidated Collision Center in Park …

Farmers to Enter Connecticut Market in 2015

Farmers Insurance, a national multiline insurers, is set to begin providing insurance and financial services to Connecticut consumers January 1, 2015, pending regulatory approvals, according to a company announcement. Beginning in 2011, Farmers began a concerted effort to expand its …

Cincinnati Insurance Announces High Net Worth Client Expansion Plan

Cincinnati Financial Corporation announced that over the next five years, its lead property casualty insurance subsidiary, The Cincinnati Insurance Company, expects to bring enhanced insurance products and services to independent agents serving high net worth personal lines clients. The plan …

Kemper to Buy Alliance United in California Car Insurance Push

Kemper Corp., the insurer formerly known as Unitrin, agreed to buy Alliance United Group to add sales of auto coverage in California, the biggest U.S. state by population. Kemper will pay about $70 million in cash, the Chicago- based company …

Cunningham Lindsey Moves Into Denver Market

Cunningham Lindsey’s Major & Complex Loss (MCL) Division announced its expansion into Denver, Colo., with the appointment of Patrick Menke as executive general adjuster, specializing in energy risks, financial institutions, retail, manufacturing and real estate. During his transition, Menke will …

EagleView Leads Formation of Property Drone Consortium

Wash.-based EagleView Technology Corporation, a technology provider of aerial imagery, data analytics and GIS solutions, announced that it is leading the formation of the Property Drone Consortium. Chaired by EagleView CEO Chris Barrow, the consortium represents a collaboration among insurance …