VALE Insurance Partners has acquired 100 percent of the assets of San Francisco, Calif.-based Onyx Transportation Services LLC, the program administrator for Onyx Insurance Company Inc., a risk retention group specializing in the transportation industry.
The program administrator will now operate as VALE Transportation.
Terms of the deal were not disclosed.
New York, N.Y.-based VALE Insurance Partners is a program administrator focused on specialized insurance programs, including representations and warranties insurance.
Topics Mergers & Acquisitions California
Was this article valuable?
Here are more articles you may enjoy.
Bayer Seeks Roundup Settlement, Explores Monsanto Bankruptcy: Reports 
Fire Destroys Mansion on a Former Louisiana Sugar Plantation 
EY Negligently Missed Huge Fraud at Collapsed Hospital Operator, $3B UK Trial Hears 
No NOAA Large-Disaster Data to Hurt Insurers’ Grasp of Secondary Perils, Says AM Best 
