Business Moves

Business Moves – Southeast

AssuredPartners, Premiere Coastal AssuredPartners Inc., through its subsidiary Assured Neace Lukens, has acquired Premiere Coastal Insurance Group. No financial terms were disclosed. Premiere Coastal specializes in insurance for executive and high net worth individuals, businesses, and the aviation industry. Premiere …

Business Moves

Confie Seguros Confie Seguros, a national provider of personal lines insurance, has acquired three insurance brokerages. Confie Seguros acquired The Insurance Market Agency Inc. in Tonawanda, N.Y., and Action Auto Insurance Agency Inc. in Cheektowaga, N.Y. Both Agencies have been part of the …

China’s PICC P&C Plans $1.2 Billion Rights Offer

PICC Property & Casualty Co., China’s biggest non-life insurer, said it plans to raise 7.25 billion yuan ($1.2 billion) in a rights offer in Hong Kong and China to replenish capital. The shares dropped. The insurer will offer 0.9 rights …

Business Moves

Marsh, Torrent Insurance broker Marsh has agreed to acquire Torrent Technologies Inc., which serves write-your-own insurers participating in the National Flood Insurance Program (NFIP). Torrent’s approximately 100 employees will combine with Marsh’s existing flood insurance specialists and remain headquartered in …

Business Moves

Risk Strategies, DeWitt Stern, Crow Friedman Risk Strategies Co., an insurance brokerage and risk management firm based in Boston, and DeWitt Stern, a brokerage and risk advisory firm based in New York City, announced their merger. The combined organization will …

Business Moves

Berkshire Hathaway Specialty Berkshire Hathaway Specialty Insurance (BHSI) said it is entering the fidelity and crime insurance market, and has named Brian O’Neill to lead the effort. O’Neill joins BHSI with 30 years of fidelity and crime underwriting and management …

Business Moves

Arthur J. Gallagher Risk Management, Dezelan Insurance Agency Arthur J. Gallagher Risk Management Services Inc. has acquired Dezelan Insurance Agency located in Indianapolis. Founded in 1927, Dezelan Insurance Agency is a retail insurance broker providing property/casualty and risk management consulting …

Business Moves

USI, Willis USI Insurance Services has entered into an agreement with certain subsidiaries of Willis North America Inc., part of Willis Group Holdings, to acquire seven of Willis’ retail insurance brokerage locations across the United States. Terms of the transaction …

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 …

Business Moves

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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