Editor at Coverager
The combined consideration is €2 billion, or S$2.9 billion.
The company will finance the transactions using excess capital and borrowings under its existing revolving credit facility.
Safety shareholders will receive $105 per share, representing a 44% premium to the insurer’s closing stock price on July 23, 2026.
The partnership is intended to make it easier for customers to move from purchasing an RV to securing insurance.
The company filed a US trademark application for KLASPP.
The distribution strategy will continue under Mark Jones Jr., who will succeed retiring CEO Mark Miller on January 1, 2027.
Founded in 2006, Ascent provides personal, commercial, life and specialty insurance to individuals and businesses.
Chubb hosted its second-quarter 2026 earnings call on July 22, highlighting the durability of its high-net-worth personal lines business, rapid growth in life and benefits, and its unchanged approach to deploying capital.
Mark Jones, Jr., the company’s president and COO, will succeed Miller.
Carl Overy, CEO of parent company Odyssey Group, will assume the additional roles of president and CEO of Hudson.
CarEdge sells itself as the consumer's advocate against dealer information asymmetry.
The milestone represents a jump from the more than 1.7 million policies highlighted on biBerk’s homepage in June.
The partnership gives the agency access to Oakbridge’s specialty resources and carrier relationships while preserving its local leadership and client relationships.
Highlights from Marsh’s earnings call.
Customers can request a quote by calling Genstone Insurance.