Business
Farmers’ New Yields: Farmers Insurance Group became the nation’s third-largest auto and home insurer while ignoring the East Coast.
Feb. 17, 1999
Acquisition: Swiss insurer would merge them with its own financial services business. Farmers Insurance part of sale.
Oct. 17, 1997
Zurich Insurance Co., Switzerland’s No. 1 insurer, said it’s in talks with BAT Industries, a British tobacco and financial services group, to create a financial services company valued at $35.6 billion, as the consolidation in the industry continues.
Oct. 13, 1997
California
The owner of a San Ysidro money exchange was jailed Tuesday after a federal grand jury indicted him on charges that he schemed to conceal nearly $15.8 million that passed through his business and was forwarded to New York, Miami and Zurich, Switzerland.
Dec. 18, 1985
Universal Underwriters will be sold to a group of private equity firms for about $1.1 billion.
April 5, 2005
Bank One Corp. agreed to buy most of Zurich Financial Services’ U.S. life insurance unit for about $500 million in cash to become the nation’s second-biggest life insurer among U.S. banks behind Citigroup Inc.
May 31, 2003
A group of U.S. and Swiss investors led by Zurich Insurance Group agreed to pay $2 billion for Kemper Corp., a year after the U.S. asset management and life insurer rejected a $2.4-billion hostile bid by General Electric Co.
April 12, 1995
Zurich Financial Services on Monday agreed to pay $153 million to settle insurance bid-rigging charges by New York, Connecticut and Illinois, bringing to about $325 million the value of such settlements it has made with 12 states.
March 28, 2006
Financial services giant UBS ousted its chief executive Thursday in a surprise move after three quarters of declining earnings.
July 6, 2007
Financial services giant Credit Suisse Group agreed to buy a 33% stake in Woodland Hills-based Great American Group, a closely held company that liquidates assets of troubled firms.
July 26, 2007