Business Moves

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 …

Business Moves

BrickStreet Mutual, Motorists Mutual BrickStreet Mutual Insurance and Motorists Mutual Insurance Co. are formalizing an affiliation agreement between the two companies.If approved by state regulators and closed as anticipated in July 2017, the affiliation will include more than 1,600 employees, …

Business Moves

USI, Johnson & Bryan USI Insurance Services has completed its transaction to purchase Johnson & Bryan, a retail property/casualty and employee benefits insurance brokerage firm based in Atlanta. Terms of the transaction were not disclosed. USI is a local and …

Business Moves

Verisk Analytics, Analyze Re Data firm Verisk Analytics Inc. has acquired Halifax, Novia Scotia-based Analyze Re, a software analytics provider for the reinsurance and insurance industries founded in 2013. Analyze Re will become part of Boston-based AIR Worldwide, the Verisk …

Business Moves

Markel, EMC, Global Insurance Accelerator Markel and EMC Insurance Companies have invested in the Global Insurance Accelerator (GIA), a business accelerator focused on developing innovative insurance- centric startups. The GIA launched in 2013 modeled on technology accelerators where seed funding …

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