ATIC merges with affiliate Modern USA Insurance Company
With this move, ATIC said it will become one of the largest manufactured home insurers in Florida. The two companies were launched in 2005 after hurricane season, under
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ContinueLearn More XWith this move, ATIC said it will become one of the largest manufactured home insurers in Florida. The two companies were launched in 2005 after hurricane season, under
The Hartford has received a total consideration of $2.75bn, which includes cash paid by the buyers, pre-closing cash dividend, debt as part of the sale and a 9.7%
As per the deal terms, the total cash consideration payable at completion would amount to $81m. The deal makes Allianz one of the largest shareholders of Africa Re.
The company has started the application process and is planning to create an insurance company subsidiary that will be capitalised, licensed and regulated in Germany. Newline Group CEO
The new proposals give policyholders more rights and ensure that they receive full compensation they are due, even when the insurer is insolvent. But, BIBA and ABI expressed
The transaction is subject to regulatory approval from the China Banking and Insurance Regulatory Commission. Before the transaction is completed, BoComm Life intends to increase its capital for
LeClair Group said its core business as a health and life insurance distributor remains unchanged. Benafica’s Software as a Service (SaaS) based technology platform is utilized to administer blocks of insurance business
Other participating investors include New Enterprise Associates (NEA), Core Innovation Capital, 8VC, and Morpheus Ventures. The funding comes ahead of Bestow’s national launch and growth trajectory. Powered by
The deal will conclude with both the companies being purchased by a fund advised by private investment firm J.C. Flowers & Co. The deal is subject to approval