News from Insurity, Cambridge Mobile Telematics, HSB and more. (Photo: Shutterstock)
Allstate announced it will buy National General Holdings Corp. for about $4 billion in cash, Reuters reported. The deal will scale-up Allstate's auto insurance business in a time of fewer accidents and claims as drivers remain at home under social distancing measures. According to Reuters, National General's shareholders will receive $32 per share in cash and closing dividends of $2.50 per share for each share held.
Insurity has acquired Florida-based software provider Epic-Premier Insurance Solutions. Insurity says the strategic acquisition will enhance the company's existing digital platform and cloud services to help P&C professionals streamline their business operations and increase automation of standard and specialty insurance lines. The company says the solution also can be leveraged by carriers and brokers who currently manage MGA networks or who wish to create MGA networks to broaden their market reach.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Danielle Ling
Danielle Ling is an experienced video journalist and business reporter. As associate editor, Danielle manages all multimedia and reports on industry news and risk-related coverage, managing all weather-related content. A University of Maryland and Philip Merrill College of Journalism alum, Danielle previously served as a video journalist for Verizon FiOS 1 News NJ, Push Pause. Connect with Danielle on LinkedIn or email her at [email protected].
