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iA Financial Group, one of the largest life and health insurance companies in Canada, has signed an agreement to acquire shares of third-party administrator SouthwestRe and its insurance arm, Dealers Assurance Co. The acquisition is expected to more than double the firm’s vehicle warranty business.
Read More →For the sixth time, President Barack Obama has included language in his annual budget that would end some of the tax benefits enjoyed by reinsurers. Market insiders don’t believe it will gain support from the Republican-controlled Congress.
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