Commercial Lines

Radian Group Inc., the largest U.S. mortgage insurer, raised $258.5 million by selling shares below yesterdays closing price to help pay for the acquisition of Clayton Holdings.

Marsh & McLennan Agency on Friday announced that it had acquired Kinker-Eveleigh Insurance Agency.

The Nebraska Departments of Insurance and Motor Vehicles are urging caution before people sign up for Internet services that connect drivers, riders and vehicle owners for car-sharing and ride-sharing.

American International Group Inc. sold coverage to clients with ties to Cuba, a nation sanctioned by the U.S., when the insurer was owned by American taxpayers after its 2008 bailout.

Radian Group Inc., the largest U.S. mortgage insurer, said it will purchase Clayton Holdings for $305 million to expand outsourcing services for the home-lending industry.

American International Groups property and casualty combined ratio will see improvement this year, Peter Hancock, CEO of AIGs P&C operations, told analysts this morning after problems at the P&C unit drove down operating income.