The News Review:
- Munich Re Buys AIG’s HBS For $742 Million In Cash
- Brown & Brown acquires assets of Insurance 1
- Burress was driving without insurance before crash
Munich Re Buys AIG’s HBS For $742 Million In Cash
CNNMoney.com
Munich Re’s share price has lost around 20% since the start of the yearfaring much better than its industry peers. The Dow Jones Euro Stoxx InsuranceIndex is down around 45% for the same period. Munich Re’s shares closed atEUR106. The acquisition confirms what sources had told the Wall Street Journal overthe weekend. At a price tag of $742 million AIG is selling the unitconsiderably below the $1.
Brown & Brown acquires assets of Insurance 1
Forbes NY
said Monday one of its subsidiaries acquired the assets of Insurance 1 Inc. Terms of the deal were not disclosed. -based Insurance 1 has annualized revenues of about $800000 and provides property and casualty and health and life insurance products to individuals and businesses in Louisiana.
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Burress was driving without insurance before crash
The Associated Press
(AP) — Add this to the growing list of Plaxico Burress’ problems: getting in a car crash and not having insurance on his nearly $140000 Mercedes-Benz. The suspended New York Giants wide receiver was sued last week in Florida’s Broward County Circuit Court for rear-ending a woman in May. Compounding the Super Bowl star’s defense according to a document provided by the woman’s attorney is the fact his car insurance lapsed three days before the crash. A letter from Allstate says Burress neglected to pay his premiums. Burress’ attorney Adam Swickle declined comment.