Property & Casualty Insurance

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Atlas Financial Holdings signs definitive agreement to acquire Global Liberty Insurance Company of New York and Related Companies

Friday, 17 Oct 2014 12:33pm EDT

Atlas Financial Holdings Inc:Says to acquire Global Liberty Insurance Company of New York along with its affiliated underwriting and premium finance companies for $25 mln.Upon the closing of the transaction, Atlas will continue to manage Global Liberty's public auto insurance business utilizing its best practices and intends to provide a seamless transition for existing Global Liberty customers and agents.Says purchase price will include $4 mln of AFH preferred shares with an annual dividend rate of 4.5pct, payable in cash or in kind, which are convertible to AFH common stock after the fifth anniversary of issuance at a strike price of $20 per common share.Remainder of the purchase price will be paid in cash. An earn out of up to an additional $1 million may be paid based on underwriting profitability of the New York business during the three years subsequent to the transaction effective date.

Delta Insurance Co SAE appoints external auditors for FY 2014/2015

Monday, 13 Oct 2014 08:00pm EDT

Delta Insurance Co SAE:Announces that it has appointed Aziz Maher Aziz Barsoum partner of M/s. Hazem Hasan & Partners (KPMG) as the company's external auditors for the fiscal year ended June 30, 2015 (FY 2014/2015).

State Insurance Co Of Ghana Ltd announces Chairperson resignation

Sunday, 12 Oct 2014 08:00pm EDT

State Insurance Co Of Ghana Ltd:SIC announces the resignation of the Chairperson of the Board, Felicity Acquah.The resignation took effect from Sept. 30.The Board at its emergency meeting held on Sept. 30, elected one of its members, Sydney Laryea to act as Chairman.


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Analyst Research

Report Title Price
Provider: Renaissance Capital
Provider: Edison Investment Research
Provider: Edison Investment Research
Provider: Zacks Investment Research Inc.
Provider: GlobalData

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