The News Review:
- LandAmerica files for bankruptcy protection
- Guardian Life Insurance Invests a Total of $154 Million in Kennedy …
- QBE Insurance Buys ZC Sterling to Expand US Home Coverage
- AM Best Affirms and Withdraws Ratings of the Alliance Mutual …
- HCC Insurance Holdings Names Penny Executive VP and Chief …
LandAmerica files for bankruptcy protection
CNNMoney.comnbsp;
That deal called for Fidelity National to acquire LandAmerica in an all-stock acquisition for about $128. A subsidiary of Fidelity National, Chicago Title Insurance Co. , will acquire Commonwealth Land Title Insurance Co. Fidelity National Title Insurance Co.
Related from Aviationmonster: Eclipse Aviation files for bankruptcy protection
Guardian Life Insurance Invests a Total of $154 Million in Kennedy …
MarketWatchnbsp;
25 Billion Fund III
Fund III Focused on Acquiring Financially Distressed and Under Managed Real Estate Assets
The Guardian Life Insurance Company of America (Guardian) announced that it has invested up to $154 million in the Beverly Hills, CA based company through three separate investments. Guardian has agreed to invest up to $100 million of equity in Kennedy Wilson’s KW Property Fund III, a $1. 25 billion real estate fund focusing on financially distressed and under-managed real estate assets. This new commitment is the third and largest investment Guardian has recently made in Kennedy Wilson. Previously, the company invested $24 million in the acquisition of Saybrook Pointe, a 324-unit apartment community in San Jose, CA.
QBE Insurance Buys ZC Sterling to Expand US Home Coverage
Bloombergnbsp;
26 (Bloomberg) — QBE Insurance Group Ltd. , Australia?sbiggest property and casualty insurer, agreed to buy ZC SterlingCorp. for $575 million to add sales in the U. and will raiseabout A$2.
AM Best Affirms and Withdraws Ratings of the Alliance Mutual …
MarketWatchnbsp;
Founded in 1899, A. Best Company is a global full-service credit
rating organization dedicated to serving the financial and health care
service industries, including insurance companies, banks, hospitals and
health care system providers. For more information, visit.
HCC Insurance Holdings Names Penny Executive VP and Chief …
MarketWatchnbsp;
degree from the College of William and Mary and is a Certified Public Accountant. Headquartered in Houston, Texas, HCC Insurance Holdings, Inc. (HCC) is a leading international specialty insurance group with offices across the United States and in Bermuda, Ireland, Spain and the United Kingdom. HCC has assets of $8. 4 billion, shareholders’ equity of $2. 5 billion and is rated AA (Very Strong) by Standard Poor’s and AA (Very Strong) by Fitch Ratings.