Alea Group sold its North American excess and surplus lines unit to Praetorian Financial, the U.S. specialty insurance arm of German reinsurer Hannover Re.
Alea Group sold its North American North American
named after North America.
North American blastomycosis
see North American blastomycosis.
North American cattle tick
see boophilusannulatus. excess and surplus lines unit to
Praetorian Financial, the U.S. specialty insurance arm of German
reinsurer re·in·sure
tr.v. re·in·sured, re·in·sur·ing, re·in·sures
To insure again, especially by transferring all or part of the risk in a contract to a new contract with another insurance company. Hannover Re Hannover Re (FWB: HNRGn), in German Hannover Rückversicherung AG, with gross premium of around €9 billion in 2006, is one of the five largest reinsurance groups in the world. Its headquarters are in Hanover, Germany. . The $34.6 million sale is part of Alea's
ongoing run-off of its property/casualty businesses following crippling
storm losses a year ago.
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