The Farmers Exchanges and Farmers Group, Inc. (FGI) announced they have jointly completed the previously announced acquisition of MetLife’s property and casualty business for a purchase price of $3.94 billion as of April 7, assuming responsibility for 2.4 million policies in force. The closure provides the Farmers brand significant opportunity to expand its customer reach with […]
Boyd Group Acquires Collision Repair Center in Milwaukee
The Boyd Group Inc. announced the acquisition of a collision repair center in Milwaukee, Wisconsin. The new Gerber Collision & Glass location operated as Prestige Auto Works and has served this market for nearly 40 years. Milwaukee is the largest city in Wisconsin with a metropolitan population of over 2 million people and is the […]
Boyd Group Acquires Collision Repair Center in California
The Boyd Group Inc. announced the acquisition of a collision repair center in Simi Valley, California. The new Gerber Collision & Glass location originated in 1982 as Star Auto Body and has operated at the current location since 2000. Simi Valley is part of the Greater Los Angeles area, located in the southeast corner of […]
Kemper Completes Acquisition of American Access
Kemper Corporation (NYSE: KMPR) announced today that it has closed its previously announced acquisition of American Access Casualty Company (AAC) and its related captive insurance agency, Newins Insurance Agency Holdings, LLC, and its subsidiaries. AAC provides specialty private passenger auto insurance in Arizona, Illinois, Indiana, Nevada and Texas. Pursuant to the terms of the acquisition […]
Boyd Group Acquires Three Collision Repair Centers in Florida
The Boyd Group Inc. announced the acquisition of three collision repair centers in Tallahassee, Fla. These locations operated as Universal Collision, the first opening in 2001. Tallahassee is the state capital of Florida, county seat of Leon County and home to Florida State University and Florida A&M universities. With a population approaching 200,000 people, Tallahassee […]
Crash Champions Acquires Collision Repair Center in Illinois
Crash Champions, LLC announced March 29 the acquisition of Collision Repair Center, Inc. in East Moline, Ill., adding to its growing national footprint. This acquisition follows the company’s 2020 acquisitions of Chicago Collision, DuPage Auto Body and Albany Auto Body in the greater Chicago area, as well as Arnold’s Auto Body, Inc., in nearby Davenport, […]
Hertz Completes Sale Donlen Corporation
Hertz Global Holdings, Inc. (OTCPK: HTZGQ) today announced the completion of the sale of its wholly-owned subsidiary, Donlen Corporation to Athene Holding Ltd. (NYSE: ATH) that was announced in November. Hertz received $891 million in cash proceeds per the terms of the transaction, subject to certain adjustments post-closing based on the level of assumed indebtedness, […]
Allstate Completes Exit of Life and Annuity Businesses
The Allstate Corporation (NYSE: ALL) has agreed to a transaction in which Wilton Re will pay $220 million to acquire Allstate Life Insurance Company of New York (ALNY). The transaction is expected to close in the second half of 2021, subject to regulatory approval and other closing conditions. This transaction, along with the agreement announced […]
asTech Acquires Red EU and Red Autocentres
Repairify, Inc., the parent of asTech announced today the acquisition of UK-based Red (EU) Limited and Red Autocentres. Red (EU) Limited is a distributor of aftermarket electronic devices designed to run diagnostic tests and calibration services on automotive electrical systems, specifically advanced driver-assistance systems (ADAS). Red Autocentres is a provider of automotive diagnostics, calibration and […]
The Hartford Board Rejects Chubb Acquisition Proposal
The Hartford (NYSE:HIG) today announced that its board of directors, after consultation with its financial and legal advisors, has unanimously rejected Chubb Limited’s March 11, unsolicited proposal to acquire The Hartford and determined that entering into discussions regarding a strategic transaction would not be in the best interests of the company and its shareholders. The […]