Wednesday, 30 July 2014
Last updated 13 hours 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…