General Insurance Article - TAWA completes aquisition of US based Lincoln General


 Tawa plc ("Tawa" or the "Group"), the quoted insurance investor, today announces that following regulatory approvals from the Pennsylvania Department of Insurance, it has completed its acquisition of 51% of the issued shares of US holding company, LGIC Holdings, LLC as announced on 7 April 2011.
 This transaction is the latest in a series of Tawa acquisitions.
 
 While affirming the US acquisition strategy announced earlier this year, it consolidates the group servicing capabilities. Following acquisitions of Pro and Chiltington in addition to the consortium purchase of Whittington UK, Lincoln General provides an 80 staff administration platform capable of servicing from the US the Tawa portfolios, third parties business recently won by Pro, and new US business.
  

Back to Index


Similar News to this Story

Call for simplification of EU cybersecurity regulation
Insurance Europe has welcomed the European Commission’s review of the Cybersecurity Act (CSA) and the forthcoming digital omnibus initiative, supporti
7 California wildfire lessons learnt for European insurers
The devastating January 2025 wildfires in Los Angeles, which destroyed over 16 000 structures and caused insured losses of approximately USD 40 billio
Do not be left high and dry this summer
Aviva is urging caution as data reveals a correlation between warm weather and fire claims. Number of garden fire claims is already significantly high

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.