Tuesday, 28 July 2015
Last updated 18 min ago
Jul 16 2012 | 9:41am ET
Philadelphia Financial Group, a high-net-worth private placement insurance provider, has acquired the private placement insurance business unit of The Hartford Financial Services Group.
Philadelphia Financial now administers over $40 billion in insurance policy accounts.
“This transaction marks an important milestone in our acquisition growth strategy,” said Philadelphia Financial CEO John K. Hillman in a statement.
Reinsurance Group of America provided financing to Philadelphia Financial in this transaction.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…