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AXA sells Mosiac Insurance Company to Metromile

For Immediate Release AXA sells Mosiac Insurance Company to Metromile September 22, 2016– New York-based Coliseum Reinsurance Co., a subsidiary of Paris-based AXA, has sold New York-based Mosaic Insurance Co. to San Francisco-based Metromile Inc. Metromile Inc. paid $22.0 million in cash comprised of approximately $7.0 million plus the value [...]

By |2018-09-30T23:47:26-04:00September 22nd, 2016|PRESS RELEASES|0 Comments

Hanover Insurance Group Inc. sold Professionals Direct Insurance Co. to Watford Specialty Insurance Co.

For Immediate Release Hanover Insurance Group Inc. sold Professionals Direct Insurance Co. to Watford Specialty Insurance Co. August 11, 2016 – Merger & Acquisition Services Inc. served as advisor to Hanover Insurance Group on selling Professionals Direct Insurance Co., a former writer of lawyers' professional liability coverage, to The Watford [...]

By |2018-11-06T14:40:48-04:00August 12th, 2016|PRESS RELEASES|0 Comments

State National Insurance Co. Inc. has agreed to acquire United National Specialty Insurance Co

State National Cos. Inc. unit State National Insurance Co. Inc. has agreed to acquire United National Specialty Insurance Co. from Diamond State Insurance Co. for about $7.4 million, excluding capital and surplus. United National Specialty is an admitted shell company with licenses in 49 states. The purchase price will be capitalized as an intangible asset. [...]

By |2018-10-03T18:23:42-04:00May 25th, 2016|PRESS RELEASES|0 Comments

AssuredPartners, Inc. has announced that ELM Insurance Brokers of El Segundo, CA and Pat Moore Insurance Services of Addison, TX have joined the agency.

For Immediate Release AssuredPartners, Inc. has announced that ELM Insurance Brokers of El Segundo, CA and Pat Moore Insurance Services of Addison, TX have joined the agency. LAKE MARY, Fla. – March 15, 2016 — AssuredPartners, Inc. has announced that ELM Insurance Brokers of El Segundo, CA and Pat Moore [...]

By |2018-10-04T19:01:02-04:00March 15th, 2016|PRESS RELEASES|0 Comments

Penn Insurance and Annuity Co. unit Dresher Run LLC acquired Longevity Insurance Co. from Morgan Stanley

For Immediate Release Penn Insurance and Annuity Co. unit Dresher Run LLC acquired Longevity Insurance Co. from Morgan Stanley March 10, 2016 – Penn Insurance and Annuity Co. unit Dresher Run LLC acquired Longevity Insurance Co. from Morgan Stanley for about $10.4 million, effective November 30th , 2015. Longevity Insurance [...]

By |2018-11-06T14:59:01-04:00March 10th, 2016|PRESS RELEASES|0 Comments