Genworth Financial Inc. plans to raise as much as $700 million by selling a minority stake in its Australian mortgage guarantor, in what may be the biggest share sale in the country for more than three years. The seller of …
XL Reinsurance America Inc., a subsidiary of XL Group Plc, the insurer led by Chief Executive Officer Mike McGavick, has acquired Global Ag Insurance Services LLC to add sales of coverage to farmers in the U.S. West. Global Ag provides …
Allstate Corp., the largest publicly traded U.S. home and auto insurer, increased its agency count for the first time since 2007 as the company targeted growth beyond the U.S. East Coast to diversify risk. The insurer had 11,600 Allstate-exclusive agencies …
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 sale will increase 2014 earnings and is expected to be …
Chubb Corp., the insurer of corporate boards and high-end homes, said profit surged as margins improved a year after Superstorm Sandy. Fourth-quarter net income rose to $569 million, or $2.24 a share, from $102 million, or 38 cents, a year …
Munich Re, the world’s largest reinsurer, said its Hartford Steam Boiler agreed to buy the 24-story building that serves as the unit’s headquarters. The structure at One State Street in Hartford, Connecticut, will be purchased from the Hines real estate …
Progressive Corp., the fourth- largest U.S. auto insurer, said profit climbed 20 percent in the fourth quarter as margins improved a year after Superstorm Sandy. Fourth-quarter net income rose to $299.8 million, or 50 cents a share, from $249.1 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. structures. The deal will allow Verisk to …
A fifth of U.S. motorists who drink say they’ve driven at least once in the past year when they thought their alcohol level might’ve been close to the legal limit or above it, a safety group said. About 19.5 percent …
