The 2018 annual report from the Federal Insurance Office covers the state of the U.S. insurance industry.
Insurers News | Massachusetts
Main Street Slated To Merge With American Family On October 31st
American Family members vote to approve merger with more than 86% participation The proposed merger between Madison-based American Family Insurance Mutual Holding Company (“American Family”) and Florida-based Main Street America Group Mutual Holdings, Inc. (“Main Street”) has surpassed its final hurdle. With more than 90 percent of votes cast in favor of the merger, during the […]
QBE To Refund $2.4 Million In Improper Charges To Massachusetts Homeowners
The findings stem from the results of an audit conducted by the Attorney General’s office on QBE policies during the years from 2008 until 2015.
The Hanover To Sell Chaucer For $950 Million
On September 13, 2018, The Hanover Insurance Group announced that it will sell its , Chaucer, to the China Reinsurance Group. The Worcester-based insurer first express interest in acquiring the Lloyd’s-focused international specialty business back in April of 2011, officially completing the transaction on July 1, 2011. Selling Chaucer will allow The Hanover to better focus […]
Last, But Not Least: The Hanover, Pure, & Liberty Mutual
This week Pure gets an upgrade, The Hanover launches its new SafeTeen Program and Liberty Mutual debuts its new stand alone mergers & acquisitions unit Global Transactions Solutions group (GTS).
