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Stock Market & Financial Investment News

News Breaks
June 27, 2014
08:02 EDTNGHCNational General announces acquisition of Imperial
National General announced that it has agreed to acquire certain assets of Imperial Management, including its underwriting subsidiaries Imperial Fire & Casualty Insurance Company and National Automotive Insurance, its retail agency subsidiary ABC Insurance Agencies, and its managing general agency subsidiary RAC Insurance Partners. The total purchase price for the transaction will approximate GAAP book value of the combined operations, inclusive of $20M cash consideration for the operating companies, a distribution to the seller of certain Imperial invested assets, and a recapitalization of the insurance subsidiaries after closing. The transaction has closed effective immediately.
News For NGHC From The Last 14 Days
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February 9, 2016
16:43 EDTNGHCNational General reports Q4 EPS 39c, consensus 29c
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January 27, 2016
17:15 EDTNGHCNational General to acquire Standard Mutual Insurance Company
National General Holdings Corp. announced that it has entered into a definitive agreement, pending regulatory and policyholder approval, to acquire Standard Mutual Insurance Company, an Illinois based property and casualty underwriter, following the completion of the conversion of SMIC to a stock company from a mutual company. The transaction is expected to close in Q2, subject to customary closing conditions and regulatory approvals. National General CEO Michael Karfunkel said, "We expect the transaction will be immediately accretive to earnings."

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