| PR Newswire
BIRMINGHAM, Ala. and AUSTIN, Texas, Sept. 1 ProAssurance Corporation and American Physicians Service Group, Inc. today announced they have entered into an agreement which calls for ProAssurance to acquire all the outstanding shares of American Physicians Service Group, Inc. in an all-cash transaction for $32.50 per share.
| BestWire Services
Mergers and acquisition activity remains relatively low-level in the global reinsurance industry, but future deals will likely be made to better compete for casualty business, which requires a stronger balance sheet, a panel of reinsurance experts said.
| Day, The (New London, CT)
Sept. 02--The Charter Oak Federal Credit Union said Wednesday it is partnering with a Glastonbury-based company to offer expanded insurance services to its membership. The credit union, headquartered in Groton, said it sold the assets of its Charter Oak-The Insurance Professionals to Smith Brothers Insurance, a regional insurance company with more than 100 employees.
| BestWire Services
Malaysian investment holding company PacificMas Bhd. said it is in talks with Fairfax Asia on the proposed disposal of its entire equity interest in its wholly owned general insurance subsidiary Pacific Insurance Bhd.
| BestWire Services
Allianz SE is looking at China and India as strategic markets to deliver new business growth for both life and nonlife insurance in the Asia/Pacific region.
| Business Wire
Global health service company CIGNA has acquired Vanbreda International, giving CIGNA unmatched global reach in expatriate benefits and further accelerating CIGNA's global growth strategy...
