Business Moves News
CNA to Sell Life, Group Insurance Unit to Wilton Re
CNA Financial Corp. said it would sell its life and group insurance business, on the same day that parent Loews Corp. reported a bigger quarterly loss, hurt by impairment charges. CNA said it was ...
First American Acquiring Verisk’s Interthinx for $155 Million
First American Financial Corp., the second-largest U.S. title insurer, agreed to buy Interthinx Inc. from Verisk Analytics Inc. for $155 million to add data that serves the mortgage industry. The ...
Berkshire Hathaway Specialty to Acquire MyAssist and Insure America
Berkshire Hathaway Specialty Insurance said it has agreed to purchase the assets of MyAssist Inc., a live-agent personal concierge and telematics service provider, and Insure America LLC, a niche ...
Wells Fargo Selling 42 Smaller Insurance Brokerage Offices to USI
Wells Fargo & Co., the largest U.S. home lender, has agreed to sell more than 40 percent of its insurance brokerage locations to focus bricks-and-mortar operations on higher-growth regions and ...
Generali Will Sell Asset Manager BSI Group: CEO
Assicurazioni Generali SpA, Europe's third-largest insurer, will sell Swiss asset-management unit BSI Group as part of its disposal plan to boost capital. "We will sell BSI for sure, we have plenty ...
RSA Insurance to Sell Central, Eastern European Assets: Report
RSA Insurance Group Plc, the British insurer looking to raise capital, is planning the sale of assets in central and eastern Europe, according to three people familiar with the plan. RSA is close to ...
Brown & Brown to Acquire Flood, Specialty Insurer Wright Insurance Group
Florida-based national insurance broker Brown & Brown, Inc. has agreed to acquire The Wright Insurance Group, LLC for $602.5 million from Aquiline Capital Partners, Wright's lead equity partner. ...
Verisk to Buy EagleView Technology Image Library for $650 Million
Verisk Analytics Inc., the supplier of data to insurers and banks, agreed to buy EagleView Technology Corp. for $650 million in cash, adding an image library that encompasses about 90 percent of U.S. ...