News from Selective Insurance, Liberty Mutual and AmTrust. (Photo: Shutterstock)
In light of April being Distracted Driving Awareness Month, Selective Insurance Company of America announced new safe driving initiatives, partnering with EndDD (End Distracted Driving) and the Casey Feldman Memorial Foundation. One action includes a Distracted Driving Pledge that encourages customers, insurance agents and employees to spread the word about safe driving behaviors, and donations to support the work of EndDD on behalf of every customer who signs up for Selective Drive, a safe driving sensor, through their independent insurance agent in the month of April.
Liberty Mutual Insurance has signed a definitive agreement to acquire the global surety and credit reinsurance operations of AmTrust Financial Services, Inc. (AmTrust), a multi-national property & casualty insurer specializing in coverage for small to mid-sized businesses. Upon closing, Liberty Mutual will acquire four AmTrust businesses: AmTrust Surety, AmTrust Insurance Spain, Nationale Borg, and Nationale Borg Reinsurance (NBRe). The AmTrust Surety portion of the acquisition is expected to close in Q2 of 2019, and the AmTrust Insurance Spain, Nationale Borg, and NBRe portion is expected to close in the second half of 2019, subject to regulatory approvals and customary closing conditions. Terms of the deal were not disclosed.
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