Business Moves

Business Moves

Validus, Crop Insurance Agency Validus Holdings Ltd. has completed its acquisition of Crop Risk Services business (CRS), a primary crop insurance managing general agent, from Archer Daniels Midland Co. In the deal that was announced in January, ADM received $127.5 …

Business Moves

Cook Maran, Gundermann Cook Maran & Associates, one of New York and New Jersey’s largest insurance brokers, will acquire Gundermann & Gundermann, a third-generation, family owned company that’s grown into a top 25 New York insurer since it was founded …

Business Moves

EPIC Insurance Brokers & Consultants, The Capacity Group EPIC Insurance Brokers & Consultants has acquired The Capacity Group of Companies in Mahwah, N.J. Terms of the deal were not disclosed. The firm will now operate as The Capacity Group – …

Business Moves

KKR, Canadian Pension Fund, USI Insurance Services, Carolina First Associates Private equity firm KKR and Canadian pension fund Caisse de depôt et placement du Quebec (CDPQ) have agreed to buy USI Insurance Services from Onex Corp. in a $4.3 billion …

Business Moves

All Risks Ltd., American Management Advisors Inc. All Risks Ltd. has announced the acquisition of American Management Advisors Inc. (AMA). Terms of the transaction were not disclosed. Following the acquisition, Janet Smith-Hogeland, President of American Management Advisors Inc., and the …

Business Moves

Arthur J. Gallagher & Co., Eagle Insurance Agency LLC Arthur J. Gallagher & Co. has acquired Eagle Insurance Agency LLC (Eagle) in Syracuse, N.Y. Terms of the transaction were not disclosed. Arthur J. Gallagher & Co. is an international insurance …

Business Moves

Markel, SureTec Markel Corp. has agreed to acquire surety firm SureTec for approximately $250 million, inclusive of a three-year earn out. SureTec is one of the largest privately owned surety companies in the U.S. SureTec’s largest subsidiary, SureTec Insurance Co., …

Business Moves

AIG, Arch Capital American International Group (AIG) has completed the $3.4 billion sale of its mortgage guaranty unit to Arch Capital Group. The deal to sell United Guaranty Corp. closed on December 31. AIG has been reorganizing and streamlining in …

Business Moves

JLT Re, StoneHill Reinsurance JLT Re has acquired StoneHill Reinsurance Partners, a reinsurance intermediary specializing in medical professional liability. StoneHill, which is based in Minneapolis, will form part of JLT Re (North America). Terms of the deal were not disclosed. …

Business Moves

Access Holdco Management, IAT Insurance Group Access Holdco Management has purchased the Massachusetts non-standard auto insurance book of business of Occidental Fire & Casualty Company of North Carolina from Occidental’s parent, IAT Insurance Group (IAT). Access Holdco Management is an …

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