NEW YORK, Nov. 24, 2014 (GLOBE NEWSWIRE) — AmTrust Financial Services, Inc. (Nasdaq:AFSI) (“the Company”) announced today that it has entered into a definitive agreement, pending regulatory approval, to acquire for cash, CorePointe Insurance Company (“CorePointe”), a wholly-owned subsidiary of CorePointe Group LLC. The transaction is expected to be immediately accretive.
Full Release: http://ir.amtrustgroup.com/releasedetail.cfm?ReleaseID=884531
A.M. Best has affirmed the financial strength ratings (FSR) and the issuer credit ratings (ICR) of the U.S. property/casualty and life/health subsidiaries of Assurant, Inc. (Assurant) (headquartered in New York, NY) (NYSE:AIZ).
Full Release: http://www.businesswire.com/news/home/20141121005784/en/A.M.-Affirms-Ratings-Assurant-Subsidiaries#.VHN_TZPF_K5
NOVEMBER 20, 2014 – NEWS RELEASE
ATLANTA, Nov. 20, 2014 –- Assurant Solutions, a global provider of mobile protection products and services, today announced the appointment of Gilles Giacosa to the role of Senior Vice President of Strategy and Strategic Initiatives for its Connected Living division.
ATLANTA, Nov. 19, 2014 –- Helping consumers protect their increasingly connected lives from disruption is the driving force behind the launch of Assurant Solutions’ Connected Living division.
Claro Up includes installment payments, yearly upgrades and insurance against accidents and qualified theft
ATLANTA, NOV. 18, 2014 –-Claro, part of the largest telecom group in Latin America, has teamed with Assurant Solutions to launch an innovative new program in Brazil that will enable customers to purchase one of the world’s most popular smartphones through monthly installment payments and be eligible for a yearly upgrade. The new program, called Claro Up, launched Nov. 14.
A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Virginia Surety Company, Inc. (Virginia Surety) (Chicago, IL). The outlook for both ratings is stable.
Full Press Release from A.M Best: http://www3.ambest.com/ambv/bestnews/presscontent.aspx?AltSrc=14&refnum=21881
Purchase of Market Leading Mobile Device Insurance Provider in France
Atlanta, Oct. 27, 2014 –Assurant Solutions, a business segment of Assurant, Inc. (NYSE: AIZ), has made a binding offer and has been granted exclusivity to acquire CWI Group, a market leading mobile insurance administrator in France, for approximately €56 million ($71 million), subject to certain conditions with a possible earnout payment based on future performance. The acquisition would strengthen Assurant Solutions’ market-leading capabilities in mobile device protection and expand its distribution into independent retailers and the financial services affinity market in Europe.
CNA Warranty announces a strategic alliance with Remi®, a leading equipment maintenance and asset management program service provider.
Full Release from PR Newswire: http://www.prnewswire.com/news-releases/cna-warranty-partners-with-remi-to-offer-new-equipment-maintenance-program-125313210.html
August 29, 2014 09:24 AM Eastern Daylight Time
OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has assigned a financial strength rating of B++ (Good) and an issuer credit rating of “bbb+” to Ally International Insurance Company Ltd. (Ally IICL), which is ultimately owned by Ally Financial, Inc. (Ally Financial). The outlook assigned to both ratings is stable. Ally IICL is domiciled in Hamilton, Bermuda.