business moves and mergers News

Assurant to Buy French Mobile Device Insurance Broker CWI

Consumer electronic and household device insurer Assurant Inc. has made a binding offer to acquire CWI Group, a mobile insurance brokerage in France, for approximately €56 million ($71 million). The acquisition by Assurant Solutions would strengthen Assurant’s capabilities in mobile …

Swiss Re Corporate Solutions Opens Frankfurt Office

Swiss Re Corporate Solutions opens an office in Frankfurt, Germany, to reinforce its presence in the German commercial insurance market. The office will initially focus on property and surety products for corporations in Germany. Kuno Linder, Country Manager Germany for …

Brightway Insurance Opens Store in Panama City, Florida

Brightway Insurance has opened a franchise store in Panama City, Florida. The new location is owned and operated by Dale Turner. Prior to opening the Brightway store, Turner worked with Nationwide Insurance and Farmers Insurance. He brings to Brightway more …

Brightway Insurance Adds Another Office in North Carolina

Brightway Insurance has expanded its its North Carolina presence with a new office in Cary. Greensboro native Mazin Ganim owns and operates the Brightway store in Cary. Prior to opening the Brightway store, Ganim worked for FedEx for 25 years. …

Maritzen to Head New Endurance U.S. Commercial Property Operation

Bermuda-based Endurance Specialty Holdings Ltd. announced that Mark Maritzen has joined the company as Executive Vice President and Head of Commercial Property within its U.S. Insurance operation. He has nearly twenty years of experience in the insurance industry in both …

AssuredPartners Enters West Virginia, Acquiring Commercial Insurance Services

Florida-based AssuredPartners Inc. said it has completed the acquisition of Commercial Insurance Services through its newly formed operation AssuredPartners of West Virginia. Terms were not disclosed. The Commercial Insurance Services transaction marks the first platform acquisition for AssuredPartners in West …

SNL Insurance Acquires Analytics Firm iPartners

SNL Insurance, a division of SNL, has acquired iPartners LLC, which offers analytics and reporting software and services that help insurers collect and analyze internal business data. Terms were not disclosed. SNL Insurance clients will be given the option to …

Tower Says Its Sale of Stake in Canopius Lessens Liquidity Concerns

Tower Group International Ltd. said that it has paid $70 million that was outstanding to its Bank of America credit facility using proceeds from the sale of a stake in Canopius Group Limited. Tower Group, Inc., a wholly owned subsidiary, …

R-T Specialty Completes Merger with Wholesale Broker Westrope

Chicago-based national wholesale insurance broker R-T Specialty said it has completed its merger with another wholesale broker Westrope, based in Kansas City, Missouri. The deal was first announced Nov. 1. Terms were not disclosed. Westrope’s business is concentrated in the …

Highland Risk Services Partners with Ironshore for Continuing Care Retirement Communities

Glenview, Ill.-based insurance wholesaler Highland Risk Services announced an exclusive partnership with Ironshore to provide liability insurance for the empirical risk program, which is designed specifically for continuing care retirement communities (CCRCs). It recognizes and rewards CCRCs for their designation …