News

Florida Peninsula Holdings, LLC, the parent company of Florida Peninsula Insurance Company, has completed its acquisition of Edison Insurance Group, including its two subsidiaries.

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Niche insurer RLI Corp. reported fourth-quarter net income increased 411 percent on strong underwriting results and improvements in its investment portfolio.

Bank-owned insurance agencies' average total return on prior year value fell an annual 10.2 percent for the period ending June 30, 2009, according to Bank-Insurance Viability Index.

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Merger and acquisition activity among insurance brokerages in 2009 dropped 40 percent over the previous year due to a generally tough economic environment and other factors, an investment banker reported.