A takeover offer that would have been so-so in February becomes impossible to refuse for a company whose shares have been hit by the pandemic. The 7.2 billion-pound ($9.5 billion) approach for RSA Insurance Group has been shrewdly pitched by …
Liberty Mutual Holding Co. Inc. has reported a 46% increase in net income during the third quarter, despite elevated catastrophe losses. The company reported Q3 net income of $397 million, compared with $272 million during the same period last year. …
Arthur J. Gallagher & Co. announced the acquisition of Montreal, Quebec-based Optimum Talent Inc. Terms of the transaction were not disclosed. Founded in 1981, Optimum Talent is one of Canada’s largest privately-owned integrated talent management firms and a Pan-Canadian leader …
A former New York City Transit subway conductor has been arraigned on an indictment in which he is charged with grand larceny and other crimes for allegedly stealing approximately $114,000 in workers’ compensation payments from NYC Transit. “This defendant allegedly …
UFG Insurance has named Dave Lavallee as UFG Surety branch manager of the New England surety branch. Lavallee has previously served as surety branch manager for Tokio Marine HCC for the last 12 years. He has experience in both managing …
A natural gas pipeline company and one of its contractors has agreed to pay $300,000 to settle allegations that they violated Massachusetts environmental protection laws during the construction of a natural gas pipeline in 2017, and another $500,000 to repair …
Insurer American International Group Inc , which plans to separate its life and retirement business from the rest of the company, said on Friday it is considering a number of options for the business, including an initial public offering or …
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of C++ (Marginal) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “b” for United Equitable Insurance Co. (United Equitable). Concurrently, AM Best …
Northwest Wireless Enterprises LLC, an exclusive T-Mobile retailer, will pay $175,000 to a former employee to settle a disability discrimination lawsuit, federal officials say. According a lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC), a sales associate at …
TWFG Insurance is expanding nationally with opening of eight new branches in four states, with two pioneer locations opening in Nevada. New branches also have opened in Maryland, Oklahoma and Texas. By focusing on health and safety, TWFG Insurance was …