Confie Seguros acquired DeFranco Insurance Agency and Insurance Group of America. One of the fastest growing national providers of personal lines insurance, Confie Seguros, announced today its acquisition of two insurance brokerages, namely DeFranco Insurance Agency Inc of Niagara Falls, NY and Insurance Group of American Inc dba City Insurance of Palm Springs FL.
Firm Management
PPF Group NV to return Telefonica Czech Republic back to local hands
PPF Group NV agreed to purchase Telefonica Czech Republic's majority shareholdings. The PPF Group NV of billionaire Petr Kellner had agreed to purchase the controlling stake in Telefonica Czech Republic.
Advantage Rent a Car to seek bankruptcy protection
Advantage Rent a Car was hived off by Hertz to comply with regulatory authorities. Advantage Rent A Car would be filing for bankruptcy after Hertz had terminated lease agreements over vehicles that Advantage was able to use in its operations.
First non Russian CEO appointed to Lada
Lada is set for major developments, such as the appointment of its first non Russian CEO. Bo Andersson was recently appointed by OAO AvtoVAZ as its new CEO.
Twitter's repricing may cause long term issues
Twitter's share price increase shows the divestiture of the conservative approach to IPO management.
Latest News
After the denial of its request for partial due diligence, Jos A Bank Clothiers speaks up and to the Men's Wearhouse board.
Acer CEO and Chairman J.T. Wang announced his resignation today amidst a better third quarter results report.
Sidley Austin LLC had announced Timothy Spangler joining the firm as its new partner for its Global Investment Funds unit.
The two banks for middle market advisory services have merged to provide a wider range of portfolio services to its clientele.
The leather goods specialist Allen Edmonds Corp is purchased by an affiliate of Brentwood Associates.
The fifth global business unit for Ford serving the Middle East and African regions would be headquartered at Dubai, in the UAE.
Morgan Stanley posted losses on seven trading days in the third quarter but losses did not go over its value-at-risk.
Dallas-based TI and 7-Eleven executives attended a forum in the Southern Methodist University where corporate venture capital was discussed.
Velocity Venture Capital accepted 10 technology startups into the third level of its Business Accelerator program.
