Latest Assurant Headlines
All the headlines from our Assurant Topic Page, ordered by recency.
HSBC to Pay Mass. Homeowners $2.7M Over Force-Placed Insurance Practices
Feb 19 2016 // Massachusetts Attorney General Maura Healey said national mortgage lender and servicer HSBC has agreed to pay $4 million to resolve allegations involving force-placed insurance practices. The settlement resolves...
Assurant to Pay Restitution to Massachusetts Homeowners
Dec 21 2015 // The largest force-placed insurer in Massachusetts has agreed to provide refunds to homeowners to settle allegations that it improperly charged for force-placed insurance policies, Massachusetts Attorney General Maura...
Wisconsin-Based Assurant Health Exiting Health Insurance Business
Jun 11 2015 // 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...
Assurant Finds Buyer for Health Insurance Business: National General
Jun 11 2015 // 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...
Assurant to Exit Employee Benefits, Health Insurance
Apr 30 2015 // New York-based specialty insurer Assurant, Inc. said it is exploring strategic alternatives for its employee benefits and health business segments, including the sale of each business. If it can’t sell its health...
Global Indemnity Completes Purchase of American Reliable
Jan 5 2015 // Dublin-based Global Indemnity plc’s U.S. affiliate said it has completed its previously-announced purchase of American Reliable Insurance Co. from Assurant Inc. In a transaction valued at approximately $394,000,000,...
Business Moves
Nov 3 2014 // Marsh, Torrent Insurance broker Marsh has agreed to acquire Torrent Technologies Inc., which serves write-your-own insurers participating in the National Flood Insurance Program (NFIP). Torrent’s approximately 100...
Assurant to Buy French Mobile Device Insurance Broker CWI
Oct 28 2014 // Consumer electronic and household device insurer Assurant Inc. has made a binding offer to acquire CWI Group, a mobile insurance brokerage in France, for approximately €56 million ($71 million). The acquisition by...
Global Indemnity to Acquire American Reliable from Assurant Specialty
Oct 17 2014 // Assurant Specialty Property, a business segment of Assurant Inc., has agreed to sell its general agency business and associated insurance carrier, American Reliable Insurance Co., to Global Indemnity Group Inc., the U.S....
Assurant Names Colberg as President, CEO
Sep 17 2014 // Specialty insurance provider Assurant Inc. has named Alan B. Colberg, as president, effective immediately, and as chief executive officer and director of the company’s board, effective Jan. 1, 2015. He succeeds...
New York’s Assurant Says CEO Pollock Plans to Retire at End of 2014
May 8 2014 // Assurant Inc., a New York-based provider of specialty insurance and insurance-related products and services, announced its president and chief executive officer Robert B. Pollock, 59, plans to retire as an officer and...
Assurant Solutions Streamlines Domestic Operations, Expects to Take $4M Charge
Dec 31 2013 // Assurant Solutions conducted workforce reductions in the U.S. during the fourth quarter as part of its continued efforts to streamline operations, primarily in its domestic credit insurance and extended protection...
JP Morgan, Assurant Settle Force-Placed Insurance Claims for $300M
Sep 10 2013 // JPMorgan Chase & Co and a major insurer have agreed to a $300 million settlement to resolve accusations that they forced homeowners into over-priced property insurance and entered into kickback arrangements that...
Assurant Finalizes 2013 P/C Reinsurance Program
Jul 2 2013 // Assurant, Inc., a provider of specialized insurance and insurance-related products and services, has finalized the structure of the company’s 2013 Property Catastrophe Reinsurance Program, including $185 million of...
New York Reaches Settlement With QBE, Assurant
May 6 2013 // New York officials announced on April 18 that a New York State Department of Financial Services (DFS) investigation produced a settlement with a major “force-placed” insurer QBE. The settlement with QBE, the...
Lawsky Urges Fellow Regulators to Reform Force-Placed Insurance Market
Apr 9 2013 // New York Financial Services Superintendent Benjamin Lawsky, whose department reached a settlement with the country’s largest “force-placed” or “lender-placed” insurer Assurant last month, is...
N.Y. Reaches Settlement With Assurant, Largest ‘Force-Placed’ Insurer in U.S.
Mar 21 2013 // The New York State Department of Financial Services investigation has produced a settlement with the country’s largest “force-placed” insurer, Assurant Inc. New York Gov. Andrew Cuomo, who announced the...
Alleghany Expects $288M Sandy Loss; Assurant Estimates $200M Loss
Dec 20 2012 // Alleghany Corporation said this week its preliminary estimate of after-tax loss related to Sandy — net of reinsurance and reinstatement premiums — would be approximately $288 million. Alleghany said this...
Assurant Appoints Senior VP of Corporate Development in New York
Nov 29 2012 // Assurant Inc., a provider of specialty insurance and insurance-related products and services, appointed Larry N. Port to the position of senior vice president, corporate development. He is based in Assurant’s...
Assurant Solutions Taps Marcotte as International Operations Head
Sep 27 2012 // Assurant Solutions has named Shawn Marcotte to serve as chief operating officer and vice president of its International Operations. Marcotte will be based at the company’s Atlanta, Georgia corporate office and report...
