Blog

The Arch Insurance Co. has filed a federal lawsuit against the former Hartford ballpark developer to recover what it describes as more than $8.4 million in losses as it pursues completion of the stadium.

Arch last week sued Centerplan Development Co. of Middletown, the former developer of the Dunkin'...

01/16/2017 02:15 PM

Aviva Plc’s Chief Executive Officer Mark Wilson said the number of insurance agents in some of Asia’s most developed markets could halve over the next three years as digital sales start to eat into their commissions.

The agents, used by some Chinese mainlanders to avoid capital controls, have been a ...

01/10/2017 01:01 PM

General Indemnity Group, LLC, (“GIG”), a subsidiary of Boston Omaha Corporation (OTC: BOMN), announced today that it has completed the previously disclosed acquisition of United Casualty and Surety Insurance Company (“UCS”), of Quincy, Massachusetts. UCS is a leading provider of both contract and co...

01/05/2017 11:00 AM

Canada-based Fairfax Financial Holdings, a property and casualty re/insurer, is acquiring Allied World Assurance Company Holdings for $4.9 billion in cash and stock as the two companies have entered into a merger agreement approved by their boards.

The offer price represents a premium of 18 percent t...

12/19/2016 02:16 PM

Liberty Mutual Insurance has agreed to acquire specialty lines insurer Ironshore Inc. from China’s Fosun International Limited.

Liberty Mutual will acquire a 100 percent ownership interest in Ironshore. According to the announcement, the purchase price will equate to 1.45x Ironshore’s actual tangible...

12/15/2016 04:38 PM