national general holdings corp News

Wisconsin-Based Assurant Health Exiting Health Insurance Business

The parent company of Milwaukee, Wis.-based Assurant Health says it has reached agreement to sell some business lines and assets to National General Holdings Corp. as it exits the health insurance market. Time Insurance Co. (TIC) and John Alden Life Insurance Co. (John …

Assurant Finds Buyer for Health Insurance Business: National General

Assurant Inc. has officially decided it will exit the health insurance market to focus instead on its housing and lifestyle specialty protection products. The firm has reached an agreement to sell its Assurant Health supplemental and small group health lines …

National General Holdings Acquires Assigned Risk Solutions in New Jersey

National General Holdings Corp. announced that it has closed upon the acquisition of Saddle Brook, New Jersey-based Assigned Risk Solutions Ltd. from Toronto-based Kingsway Financial Services for a purchase price of $47 million in cash and potential future earnout payments. …

ACP Re Completes Tower Group Merger; Personal Lines Sold to National General

After months of uncertainty, the merger of ACP Re Ltd. and struggling reinsurer Tower Group International has finally closed. Bermuda-based ACP Re and Tower announced on Sept. 12 that all regulatory approvals were in place relating to ACP Re’s acquisition …

Ratings of Louisiana-Based Imperial Fire and Casualty Upgraded

A.M. Best removed from under review with positive implications and upgraded the financial strength rating (FSR) to A- (Excellent) from B+ (Good) and the issuer credit rating (ICR) to “a-” from “bbb-” of Imperial Fire and Casualty Co. in Opelousas, …

Purchase Brings Ratings Review of Louisiana’s Imperial Fire and Casualty

A.M. Best has placed under review with positive implications the financial strength rating (FSR) of B+ (Good) and the issuer credit rating (ICR) of “bbb-” of Imperial Fire and Casualty Insurance Company (Imperial) of Opelousas, La. The under review with positive implications …