Multiline Insurance & Brokers
ACE receives all regulatory approvals needed to close acquisition of large corporate P&C Insurance Business of Itaú Seguros
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 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 Inc:Signs a definitive agreement to acquire Torrent Technologies, Inc.Transaction is subject to customary closing conditions.Terms were not disclosed.
Helvetia Holding AG:Finalizes takeover of Swiss National Insurance Company.Holds 96.29 pct of shares in Swiss National Insurance Company.
Helvetia Holding AG:Finalises takeover of Nationale Suisse.Holds 96.29 pct of shares in Nationale Suisse.
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.
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.