Multiline Insurance & Brokers

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ACE receives all regulatory approvals needed to close acquisition of large corporate P&C Insurance Business of Itaú Seguros

Tuesday, 21 Oct 2014 08:45am EDT

ACE Ltd:Receives all regulatory approvals needed for closing its acquisition of the large corporate property and casualty (P&C) business of Itaú Seguros, S.A. from Itaú Unibanco S.A.Acquisition valued at about $630 mln at current exchange rates, is now expected to close on Oct. 31.Transaction is expected to be accretive to earnings immediately.

Brown & Brown increases quarterly dividend

Monday, 20 Oct 2014 05:44pm EDT

Brown & Brown Inc:Increases quarterly cash dividend rate to $0.11 per share, a 10 pct increase from the current rate of $0.10 per share, with the first payment at the new dividend rate to be made on Nov. 12 to shareholders of record on Oct. 31.

Marsh & McLennan Companies to acquire Torrent Technologies, Inc

Monday, 20 Oct 2014 08:30am EDT

Marsh & McLennan Companies Inc:Signs a definitive agreement to acquire Torrent Technologies, Inc.Transaction is subject to customary closing conditions.Terms were not disclosed.

Helvetia Holding finalizes takeover of Swiss National Insurance Company

Monday, 20 Oct 2014 01:01am EDT

Helvetia Holding AG:Finalizes takeover of Swiss National Insurance Company.Holds 96.29 pct of shares in Swiss National Insurance Company.

Helvetia Holding finalizes takeover of Nationale Suisse

Monday, 20 Oct 2014 01:01am EDT

Helvetia Holding AG:Finalises takeover of Nationale Suisse.Holds 96.29 pct of shares in Nationale Suisse.

Assurant Inc agrees to sell American Reliable Insurance Company to Global Indemnity for $114 mln

Thursday, 16 Oct 2014 06:20pm EDT

Assurant Inc:Says an agreement to sell its general agency business and associated insurance carrier, American Reliable Insurance Company, to Global Indemnity Group, Inc., a subsidiary of Global Indemnity plc, for about $114 mln in cash.

Kuwait Stock Exchange approves 10pct shares repurchase of Al Ahleia Insurance Co SAK

Wednesday, 15 Oct 2014 06:02am EDT

Al Ahleia Insurance Co SAK:Announces that the Capital Markets Authority has approved the company's the request purchase or sell not exceeding 10pct of its shares for a period of six months from the date of grant approval.

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