|R.D. Hood |
|Posted on Monday, February 14, 2000 - 11:44 pm: |
Another merger in the works, wonder if it will ever get down to 50 from the present 1600+/- carriers of P&C?
EXCLUSIVE ST. PAUL INTERVIEW IN INSURANCE MERGERS &
CHARLOTTESVILLE, Va., Feb. 10 /PRNewswire/ -- Insurer St. Paul Cos. will likely
make more acquisitions this year to build its commercial property & casualty
business, and may be interested in a deal to grow its reinsurance operations,
according to Chief Executive Officer Doug Leatherdale in an exclusive discussion
with editors at SNL Securities LC.
``We have a staff that's pretty busy looking at lots of things as this industry
continues to consolidate,'' said Leatherdale. ``So hopefully you will see us being
successful on one or two things over the next several quarters.''
Excerpts of the interview, in which Leatherdale also commented about the
likelihood of St. Paul selling its life insurance operations and its John Nuveen
money management business, and whether the company itself is a takeover target,
are included in the Feb. 15 issue of Insurance Mergers & Acquisitions. Other parts
of the interview will be published as part of a profile of Leatherdale in the April issue
of InsuranceInvestor magazine.
St. Paul is among the more active acquirers in the commercial property & casualty
business in the past two years. In 1998, it acquired rival USF&G Corp., and its
acquisition of medical malpractice insurer MMI Cos. is currently pending.
|Posted on Saturday, December 25, 1999 - 9:30 pm: |
State Farm was a target of the automobile manufacturers. If they offered an endorsement that
allowed an insured to receive OEM sheet metal
this would have been avoided. The carriers NEVER
consult the claims department before a policy is issued or changed. What does a lawyer know about claims? About as much as I know about the law!