Property & Casualty Insurance

J&R acquires stake in CNinsure

CNinsure Inc:Deal for about $37.4 mln.Says J&R will purchase from kingsford 63,320,000 ordinary shares of CNinsure.Says purchase price is equal to $0.59 per ordinary share.Upon the closing of the transaction, J&R will hold about 5.5 pct of CNinsure's outstanding shares.Says deal closing is expected...

Wednesday, 1 Jul 2015 08:31am EDT

Saga PLC completes Bennetts acquisition

Saga PLC:Saga has paid 26.26 million Pounds in cash for the entire share capital of Bennetts.Has completed the acquisition of Bennetts, the UK's premier motorbike insurer.The acquisition further broadens the range of insurance solutions offered to customers.

Wednesday, 1 Jul 2015 02:00am EDT

Blackstone completes acquisition of Philadelphia Financial Group, Inc. from Tiptree Financial Inc

Tiptree Financial Inc:Completes sale of it's subsidiary Philadelphia Financial Group, Inc.Sellers received a payment of $155 mln at closing.

Tuesday, 30 Jun 2015 04:01pm EDT

Shinkong Insurance receives penalty order

Shinkong Insurance Co Ltd:Be imposed fine of T$1.2 million by Financial Supervisory Commission, due to its violation of Insurance Internal Control and Audit System Implementation Act.

Monday, 29 Jun 2015 05:53am EDT

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