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United Fire Group to sell United Life Insurance Company to KUVARE US Holdings ‍for $280 mln

9:15am EDT

Sept 19 (Reuters) - United Fire Group Inc :United Fire Group Inc reaches definitive agreement to sell its subsidiary United Life Insurance Company to Kuvare US Holdings Inc.United Fire Group Inc - deal ‍for $280 mln in cash​.United Fire Group Inc - ‍ anticipates that proceeds from sale will be used for various capital management initiatives​.United Fire - proceeds from sale will be used for various capital management initiatives including share repurchases.

People's Insurance Group Of China updates on premiums income

5:07am EDT

Sept 19 (Reuters) - People's Insurance Group Of China Co Ltd <1339.HK>:Aggregate premium income from January 1 to August 31 of PICC Life Insurance Company Limited was RMB94,397 million.Aggregate premiums income from PICC Health Insurance Co for period from 1 Jan 2017 to 31 Aug 2017 RMB17,189 million.

PICC Property and Casualty says Jan-Aug direct premium income was RMB231,014 mln

5:07am EDT

Sept 19 (Reuters) - Picc Property And Casualty Co Ltd <2328.HK>::Direct premium income of company for period from 1 January 2017 to 31 August 2017 was RMB231,014 million.

Fanhua announces change of chairman of the board

Monday, 18 Sep 2017 09:23am EDT

Sept 18 (Reuters) - Fanhua Inc :Fanhua announces change of chairman of the board.Fanhua Inc - ‍Chunlin Wang, chief executive officer of co, has been appointed by company's board to be chairman​.Fanhua Inc - Chunlin Wang fills vacancy left by resignation of Yinan Hu.Fanhua Inc - ‍ Yinan Hu will remain a director of company​.

HCI Group insurance subsidiaries issue loss estimates from Hurricane Irma

Monday, 18 Sep 2017 08:00am EDT

Sept 18 (Reuters) - Hci Group Inc :HCI Group insurance subsidiaries issue loss estimates from Hurricane Irma.HCI Group Inc - ‍issued a preliminary estimate indicating its losses related to Hurricane Irma will be in range of $100 to $300 million​.HCI Group Inc - ‍the losses from the hurricane will exceed its $16 million reinsurance retention level and trigger reinsurance recoveries​.HCI Group - ‍Claddaugh Casualty Insurance Company Ltd estimates loss of $34 million from Hurricane Irma.

Unico American Corp announces settlement of litigation

Friday, 15 Sep 2017 05:20pm EDT

Sept 15 (Reuters) - Unico American Corp :Unico American Corporation announces settlement of litigation.Unico American - ‍on Sept. 12, settlement agreement was reached on judgments on a policy liability claim covered by Crusader insurance company​.Unico American Corp - Settlement, amounting to $7 million, is required to be paid from funds deposited by Crusader with Los Angeles superior court.Unico American - As a result of settlement, co expects to incur about $1.6 million in additional losses, loss adjustment expenses for quarter ended Sept 30.

Sampo to launch a new long-term incentive scheme

Thursday, 14 Sep 2017 10:15am EDT

Sept 14 (Reuters) - Sampo Oyj :Sampo to launch a new long-term incentive scheme.The maximum number of the incentive units shall be 4,500,000 in total for the Group.

National General Holdings reports agreement to buy personal lines policy administration system

Thursday, 14 Sep 2017 07:30am EDT

Sept 14 (Reuters) - National General Holdings Corp ::National General Holdings Corp. announces agreement to acquire personal lines policy administration system.National General Holdings Corp - ‍agreement also terminates existing master services agreement between National General and Amtrust​.National General Holdings says ‍purchase price payable in three equal installments with first payment made upon execution of agreement​.National General Holdings Corp - to acquire personal lines policy administration system, related intellectual property from Amtrust​.

Amtrust Financial Services announces sale of personal lines policy management system to National General Holdings Corp for $200 million

Thursday, 14 Sep 2017 07:30am EDT

Sept 14 (Reuters) - Amtrust Financial Services Inc ::AmTrust Financial Services Inc announces sale of personal lines policy management system to National General Holdings Corp for $200 million.AmTrust Financial Services Inc - deal for ‍$200 million​.AmTrust Financial Services Inc - ‍AmTrust will receive total consideration of $200 million, payable in three equal installments​.AmTrust Financial Services Inc - ‍sale will be immediately accretive to AmTrust's tangible book value​.

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