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 General and SafeAuto will be integrated into National General’s direct-to-consumer non-standard auto …
There are initial signs that the private passenger nonstandard automobile segment is beginning to improve after years of unfavorable results, including continued premium growth in 2017 and through mid-year 2018, according to A.M. Best. Best’s Market Segment Report, “Early Signs …
Chicago-based insurer Kemper Corp. has closed on its $1.6 billion acquisition of Birmingham-based nonstandard auto insurer Infinity Property and Casualty Corp. The stock portion of the cash and stock deal announced in February was based on Kemper’s closing stock price …
Chicago-based insurer Kemper Corp. has agreed to acquire Birmingham-based Infinity Property and Casualty Corp. in a cash and stock transaction valued at approximately $1.4 billion, or $129.00 per share, creating an insurer with increased scale in the nonstandard auto insurance …
California-based Confie, a national insurance brokerage network for personal lines and small commercial insurance, has appointed Cesar Soriano as chief executive officer. He has been chief operating officer for Confie since 2016. Mordy Rothberg, the company’s founder and executive chairman, …
Loss ratios and operating ratios for the U.S. private passenger nonstandard auto insurance market fell to their worst levels in a decade, according to a report from A.M. Best. The results for the population of insurers studied in this report …
