OneBeacon Insurance Group completed the sale of its traditional personal lines business to Tower Group as the company focuses its attention on specialty lines, the company announced.

In a deal estimated at $180 million, New York-based Tower Group has agreed to purchase the personal lines division of OneBeacon Insurance Group, which includes two insurance companies and two management companies.

New York-based Tower Group has announced the completion of a deal to acquire Specialty Underwriters Alliance (SUA) for $107 million.

Tower Group, headquartered in New York, N.Y., has announced its plans to acquire Specialty Underwriters’ Alliance for $107 million.

SUA, based in Chicago, Ill., through its subsidiary SUA Insurance Co., is …  Read →

White Plains, N.Y.-based Hermitage Insurance Co. had a pair of its ratings upgraded by A.M. Best, with the ratings service citing the firm’s recent acquisition by the Tower Group.

A.M. Best …  Read →