PGI Acquires N.Y.-Based Program Administrator American Altair Group
PGI Commercial, the U.S. program manager of Bermuda-based insurance distributor Primary Group, has acquired the assets American Altair Group. American Altair Group (AAG), based in Hauppauge, N.Y., is a full-service program administrator that specializes in commercial real estate risks.
Ark. Farm Bureau Ratings Lowered; Louisiana Farm Bureau Affirmed
A.M. Best Co. has downgraded the financial strength rating to B++ (Good) from A- (Excellent) and issuer credit rating to “bbb” from “a-” of Farm Bureau Mutual Insurance Co. of Arkansas Inc. (Arkansas Farm Bureau) in Little Rock, Ark.
MetLife to Buy Georgia Golf Community
An agreement has been announced for the sale of posh golf community Reynolds Plantation in Greensboro, Georgia. The Atlanta Journal-Constitution reported that New York-based insurance and financial services giant MetLife said its agreement includes six golf courses, and four marinas.