acquisition News

Zurich Insurance Chief Set to End Revamp Ahead of All Goals

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 …

First Light Program Managers, Inc. Acquires the Assets of Frontline Underwriters, Inc.

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 …

Atlas General Insurance Services Acquires South Bay Underwriters

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, …

VeriClaim Acquires Cramer, Johnson, Wiggins & Associates

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 …

ACE to Acquire Penn Miller

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 Acquires F.A. Richard and Associates

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 …

Aegon Sells Transamerica Reinsurance for $1.4B

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 …