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Ratings: Tunis Re, Endurance (shares), LAPP, Electro Re/First Beacon,...

A.M. Best Europe – Rating Services Limited has removed from under review with negative implications and affirmed the financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” of...

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Ratings Recap: National General, Univé Her/Stormher, Radius

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘B++’ (Good) and the issuer credit rating of “bbb+” of the United Arab Emirates National General Insurance...

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Ratings Roundup: of Boubyan Takaful, National General

A.M. Best Europe – Rating Services Limited has revised the outlook to stable from positive and affirmed the financial strength rating of ‘C++’ (Marginal) and the issuer credit rating of “b” of Boubyan...

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QBE Selling Lender-Placed Insurance Business for $90M

QBE Insurance Group Ltd., Australia’s second-largest insurer by market value, agreed to sell its North American mortgage and lender services business to National General Holdings Corp. for $90 million....

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10 Arrested in North Carolina Staged Auto Accident Ring

Nine residents in Pitt County, North Carolina, were arrested in connection with an alleged staged auto accident ring, according to a statement from the North Carolina Department of Insurance (NCDOI)....

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Ratings: Tunis Re, Endurance (shares), LAPP, Electro Re/First Beacon,...

A.M. Best Europe – Rating Services Limited has removed from under review with negative implications and affirmed the financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” of...

View Article

Ratings Recap: National General, Univé Her/Stormher, Radius

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘B++’ (Good) and the issuer credit rating of “bbb+” of the United Arab Emirates National General Insurance...

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Ratings Roundup: of Boubyan Takaful, National General

A.M. Best Europe – Rating Services Limited has revised the outlook to stable from positive and affirmed the financial strength rating of ‘C++’ (Marginal) and the issuer credit rating of “b” of Boubyan...

View Article


QBE Selling Lender-Placed Insurance Business for $90M

QBE Insurance Group Ltd., Australia’s second-largest insurer by market value, agreed to sell its North American mortgage and lender services business to National General Holdings Corp. for $90 million....

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10 Arrested in North Carolina Staged Auto Accident Ring

Nine residents in Pitt County, North Carolina, were arrested in connection with an alleged staged auto accident ring, according to a statement from the North Carolina Department of Insurance (NCDOI)....

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Wells Fargo’s Latest Scandal: Selling Customers Auto Insurance They Didn’t Need

Fraudulent bank accounts, bogus credit cards, compromised customer data and, now, unwanted car insurance. Wells Fargo & Co., it seems, just can’t stay out of trouble. News late last week that the...

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QBE North America Sells National Farmers Union to National General

National General Holdings Corp. has agreed to acquire National Farmers Union Property and Casualty Co. from QBE North America. The estimated purchase price is $43 million. National Farmers Union...

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Q4 Earnings Briefs: State Auto, National General, Donegal, Safety, Protective

State Auto Financial State Auto Financial Corp. (STFC) reported fourth-quarter net income of $32.7 million, after reporting a loss in the same period a year earlier. The Columbus, Ohio-based company...

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Allstate to Buy National General for $4 Billion, Growing Auto, Independent...

U.S. Insurer Allstate Corp. said on Tuesday it will buy National General Holdings Corp. for about $4 billion in cash, scaling up its auto insurance business at a time when the coronavirus has crushed...

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Allstate to Acquire Insurer SafeAuto to Merge Into National General Brand

Allstate has agreed to acquire Ohio-based SafeAuto, which offers car insurance that meets the minimum legal requirements in 28 states. The acquisition will be through Allstate subsidiary National...

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