Philadelphia Insurance Companies (PHLY) has announced the acquisition of the Collector Vehicle business from Ignyte Insurance, a Carlyle-backed portfolio company, in a transaction valued at $615m.

AM Best has affirmed the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Ratings of “aa+” (Superior) of Philadelphia Indemnity Insurance Company and its affiliate, Tokio ...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has commented that the Credit Ratings (ratings) of Philadelphia Indemnity Insurance Company and its affiliate, Tokio Marine Specialty Insurance Company (both ...

Have a question about Philly's neighborhoods or the systems that shape them? PlanPhilly reporters want to hear from you! Ask us a question or send us a story idea you think we should cover. Taking a ...

BALA CYNWYD, Pa., Dec. 22 /PRNewswire/ --Philadelphia Insurance Companies (PHLY)today announced its Founder, James J. Maguire, will retire as Chairman of the Board of Directors effective January 1, ...

Insurance claims for the Jan. 31 plane crash that killed eight and left a swath of destruction in Northeast Philadelphia will likely far exceed $10 million, according to a new federal court filing. An ...