Business Moves & Mergers News

Keenan & Associates in California Inks Deal to Join AssuredPartners

Torrance, Calif.-based Keenan & Associates has entered into an agreement to join AssuredPartners Inc. Terms of the deal were not disclosed. Keenan’s 700-plus employees will continue operations under the current leadership of President and CEO Sean Smith. Smith and his …

York Acquires Stock of New York’s Northeast Association Management

York Risk Services Group (York), a Parsippany, N.J.-based provider of claims management, managed care, specialized loss adjusting, alternative risk programs, pool administration and other insurance services, has acquired the stock of Latham, N.Y.-based Northeast Association Management Inc. (NEAMI). York Pooling, …

Brightway Insurance Set to Open First New York Location

Brightway Insurance, a national property/casualty insurance retailer selling through a network of franchised independent agencies throughout the country, is expanding across the U.S. with its first location in New York slated to open next week. Businessman and Brightway Agency owner, …

Africa’s Disaster Resilience Is Focus of New African Risk Capacity Partnership

The African Risk Capacity (ARC) has teamed up with the African Development Bank (AfDB) to help African nations strengthen their resilience to weather-related risks. The ARC and the AfDB will work together to develop their member states’ understanding of the …

Markel International Launches Surety Business; Team Leaders Appointed

Markel International, the London-based specialist insurer and Markel Corp. subsidiary, has launched a surety offering, following the appointment Damian Manning to head the new team and David Chandler as senior underwriter. The business will initially focus on opportunities in the …

Wholesale Broker Groups NAPSLO, AAMGA Merging to Form WSIA

The insurance industry could soon have a new acronym: WSIA. Introducing the Wholesale and Specialty Insurance Association (WSIA). That’s the name and acronym for the new wholesale, specialty and surplus lines insurance trade association that would be formed by the …

AIG Plans to Launch Luxembourg-Based Insurer in 2019 in Preparation for Brexit

American International Group Inc. plans to locate an insurance company in Luxembourg to ensure continued smooth operation of its business across the European Economic Area (EEA) and Switzerland once the United Kingdom leaves the European Union. From 2019, AIG proposes …

USI Insurance Services Acquires Carolina First Associates in North Carolina

USI Insurance Services (USI) has acquired Carolina First Associates LLC, an employee benefits insurance advisor located in Hickory, N.C. This acquisition extends USI’s presence as a middle market insurance brokerage and consulting firm in the Southeast region. Carolina First Associates …

AHL Insurance Agency Joins Valley Insurance Agency Alliance

AHL Insurance Agency, located in St. Charles, Missouri, has joined Valley Insurance Agency Alliance (VIAA), a network of more than 100 independent insurance agencies in Missouri and Illinois. AHL Insurance Agency is a full-service insurance agency founded in 1996 that …

Hub Acquires Assets of Montana-Based Cassco Insurance

Hub International Ltd. has acquired the assets of Wolf Point, Mont.-based Cassco Insurance Inc. Terms of the deal were not disclosed. Michael Cassidy, Cassco’s president, will join Hub Mountain and report to Rene LeVeaux, president of Hub Mountain. Cassco is …