Helvetia Holding AG agreed to buy a majority stake in Nationale Suisse in a transaction valuing the company at about CHF1.8 billion ($2 billion) to create Switzerland’s third-largest insurer. Helvetia is offering CHF80 [$89.50] in cash and shares for Nationale …
Nationale Suisse announced that its new Singapore branch has received a license from the local authorities allowing it to insure risks directly and to offer facultative reinsurance in Singapore and other Asian markets. The branch office of the Basel-based parent …
A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating (ICR) of “bbb+” of Echelon General Insurance Company, as well as the ICR of “bb+” of Echelon’s publicly traded parent, EGI Financial Holdings Inc. …
