purchase News

Arrowhead General Insurance Agency Announces the Purchase of FLOW Traffic Control Program

San Diego, CA, 11/17/11 – ARROWHEAD General Insurance Agency, Inc., one of the nation’s largest property and casualty insurance general agencies, announced it has purchased the FLOW Traffic Control Insurance Program book of business from Trade Group Insurance Specialties, Inc. …

RLI Completes Purchase of CBIC

RLI Corp., a specialty insurance company, has closed the purchase of Contractors Bonding and Insurance Co. (CBIC), a privately held, Seattle-based insurance company specializing in surety bonds and related niche property and casualty insurance products for approximately $136 million in …

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 …