Reinsurance News
National General Holdings Corp.
Allstate to acquire National General for $4 billion
8th July 2020
U.S. primary insurance giant, The Allstate Corporation, has reached an agreement to acquire National General Holdings Corporation for around $4 billion in cash, or $34.50 per share. The acquisition, which remains subject to regulatory approvals and other customary closing conditions, sees Allstate expand its personal lines market position. National General offers a ... Read the full article
National General hires SVP of Capital Strategy and Investor Relations
12th June 2020
National General Holdings Corp. has announced the hiring of Clifford Gallant to the position of Senior Vice President of Capital Strategy and Investor Relations. Gallant will be responsible for ensuring the company’s appropriate positioning and engagement with analysts, investors, and other stakeholders. Reporting to Chief Financial Officer Mike Weiner, Gallant will also ... Read the full article
National General gets regulatory approval to sell Swedish health business
22nd November 2019
National General Holdings Corp. has received regulatory approval to go ahead with the sale of its Euro Accident Health and Care Insurance Sweden operation. The company was given the go-ahead by the Swedish Financial Supervisory Authority to offload the business to an investor group arranged by Impilo AB, a Swedish investment ... Read the full article
National General to offload Swedish health insurance operation
6th September 2019
National General Holdings Corp. has announced an agreement to sell its Euro Accident Health and Care Insurance Sweden operation to an investor group arranged by Impilo AB, a company focused on Nordic healthcare investments. Euro Accident Sweden is a provider health insurance, predominantly personal medical insurance or PMI, which is an ... Read the full article
National General acquires QBE North America’s National Farmers Union
5th August 2019
National General Holdings Corp. has completed its previously announced acquisition of National Farmers Union Property and Casualty Company (National Farmers Union Insurance) from QBE North America. The purchase price for this deal was $52.8 million subject to customary post-closing adjustments. The firm explains that the change in the closing purchase price ... Read the full article
National General reveals $63-65 mn Q4 impact from California fires
11th January 2018
National General has revealed an expected $63 - $65 million pre-tax impact to 2017 fourth quarter results from the fires that ravaged Northern and Southern California. The estimated losses are net of reinsurance recoverables and including reinstatement premiums, and at $53 million pre-tax the firm's total losses from the fire are roughly ... Read the full article
National General puts pre-tax losses from hurricanes at up to $65 million
16th October 2017
National General Holdings Corp. estimates that its third-quarter 2017 results will be impacted by up to $65 million, pre-tax, as a result of hurricanes Harvey, Irma, and Maria. Numerous insurers and reinsurers have now announced their estimated share of the losses from hurricanes Harvey, Irma, and Maria, which battered parts of ... Read the full article
National General enters into auto & homeowners quota shares with panel of reinsurers
13th July 2017
National General Holdings Corp. has entered into individual two-year quota share reinsurance arrangements with a number of reinsurers, including Hannover Re, Munich Re and Everest Re, covering its auto and homeowners business lines. The first two-year quota share reinsurance agreement concerns National General's auto business, the Auto Quota Share Agreement, and sees the ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
