Business Moves

Munich Re Joins Broker Steadfast to Acquire Australia’s Calliden Insurance Operations

Munich Re’s primary insurance subsidiary Great Lakes Australia (GLA) has reached an agreement to support Australia’s largest broker network, Steadfast Group in their proposed acquisition of Calliden Group Ltd. Munich Re said it plans to “acquire the authorized insurer, Calliden …

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MarshBerry, Gill & Roeser MarshBerry has acquired the assets of Gill & Roeser Inc., a New York City-based boutique investment banking and reinsurance intermediary firm. Terms of the transaction were not disclosed. Gill & Roeser is an independently owned capital …

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Aon, National Flood Services Aon Affinity, the consumer, association and program business of Aon Risk Solutions, has completed its acquisition of StoneRiver National Flood Services Inc. and related entities from StoneRiver Group, L.P. National Flood Services offers policy administration, claims …

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Integro, Daugherty Insurance Services, Lugo & Associates Insurance brokerage and risk management firm Integro has acquired Stockton, Calif.-based Daugherty Insurance Services, a retail broker. Details of the deal were not disclosed. Scott Daugherty will remain in his leadership role at …

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Arthur J. Gallagher, The Plus Cos., Tri-State General Arthur J. Gallagher & Co. has acquired The Plus Cos. Inc. (TPC) in Bridgewater, N.J. Terms were not disclosed. Established in 1985, TPC is a managing general agent and program manager that …

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Marsh & McLennan Agency, Senn Dunn Marsh & McLennan Agency LLC has acquired Senn Dunn Insurance in North Carolina. Terms of the transaction were not disclosed. Founded in 1927, Senn Dunn has annual revenue of approximately $30 million and 155 …

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Brown & Brown, Wright Insurance Brown & Brown Inc. has completed its acquisition of specialty and flood insurance company The Wright Insurance Group LLC. In January, Florida-based national insurance broker Brown & Brown said it would acquire TWIG for $602.5 …

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Eastern Insurance, Smith Buckley & Hunt Eastern Insurance Group has acquired Smith Buckley & Hunt, an insurance agency based in Brockton, Mass. Smith Buckley & Hunt was founded in 1875, and the Smith Family has owned the agency since 1922. …

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AssuredPartners, CBS Coverage Group Lake Mary, Fla.-based AssuredPartners Inc., through its subsidiary Assured SKCG Inc., has acquired CBS Coverage Group Inc. in Plainview, N.Y. CBS Coverage Group specializes in commercial insurance, employee benefits and financial planning services, and personal insurance. …

UK Insurer Saga Could Announce $5 Billion IPO Next Week

British over-50s insurer Saga is planning to announce its intention to float next week in a London stock market debut that could value the company at £3 billion ($5.1 billion), two sources familiar with the matter said on Wednesday. The …

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