Catalina's agreed deal to acquire a $166mn legacy book held by Illinois-based Public Service Insurance Company (PSIC) has been terminated, re-opening the sale to other parties, according to court papers.
Analysts have estimated AIG has $6bn-$7bn of capital to deploy on M&A deals, as the insurance giant's shift from seller to buyer under the leadership of new CEO Brian Duperreault seems to be in train.
The Florida House of Representatives by an 82-20 vote today approved a measure that would make significant changes to state law relating to assignment of benefits and related legal fees in property insurance cases.
