Insurance Journal » Business Moves & Mergers http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Thu, 23 Oct 2014 12:18:43 +0000 en-US hourly 1 http://wordpress.org/?v=3.9.2 The Horton Group Acquires BF&S Insurance http://www.insurancejournal.com/news/midwest/2014/10/22/344441.htm Wed, 22 Oct 2014 16:07:39 +0000 http://www.insurancejournal.com/?p=344441 Orland Park, Ill.-based insurance brokerage, The Horton Group, announced the acquisition of certain assets of Boyle, Flagg and Seaman (BF&S) Insurance, located in Illinois and Michigan. BF&S’s Illinois retail operations will now operate under the Horton name and staff will …

The article The Horton Group Acquires BF&S Insurance appeared first on Insurance Journal.

]]>
Mullis Newby Hurst Opens Office in San Antonio http://www.insurancejournal.com/news/southcentral/2014/10/22/344438.htm Wed, 22 Oct 2014 15:58:12 +0000 http://www.insurancejournal.com/?p=344438 Dallas-based Mullis Newby Hurst LP (MNH), one of the largest writers of construction insurance and surety bonds in the Southwest, has hired David Layman to expand to San Antonio. Layman has served as head of contract surety underwriting for NAS Surety …

The article Mullis Newby Hurst Opens Office in San Antonio appeared first on Insurance Journal.

]]>
RLI Adds New Healthcare Liability Division http://www.insurancejournal.com/news/midwest/2014/10/21/344265.htm Tue, 21 Oct 2014 16:14:27 +0000 http://www.insurancejournal.com/?p=344265 Peoria, Ill.-based RLI Corp. has launched a new healthcare liability division, RLI Healthcare, and added Scott Ducey to lead the operation as vice president. RLI will provide liability insurance coverage for targeted risks that include, but are not limited to, …

The article RLI Adds New Healthcare Liability Division appeared first on Insurance Journal.

]]>
Risk Strategies Acquires Benefit Development Group in Massachusetts http://www.insurancejournal.com/news/east/2014/10/21/344218.htm Tue, 21 Oct 2014 15:33:29 +0000 http://www.insurancejournal.com/?p=344218 Risk Strategies Co., a national insurance brokerage and risk management firm based in Boston, announced it has acquired Benefit Development Group, a Worcester, Massachusetts-based broker for health insurance, group, and voluntary benefits in the Northeast. This latest transaction marks the …

The article Risk Strategies Acquires Benefit Development Group in Massachusetts appeared first on Insurance Journal.

]]>
Heffernan Acquires Pilot Employee Benefits in New York http://www.insurancejournal.com/news/east/2014/10/21/344217.htm Tue, 21 Oct 2014 15:10:09 +0000 http://www.insurancejournal.com/?p=344217 Heffernan Insurance Brokers announced it has purchased the assets of Pilot Employee Benefits of Melville, New York. Family owned and operated for over 50 years, Pilot Employee Benefits has developed benefits programs and services for a wide variety of companies …

The article Heffernan Acquires Pilot Employee Benefits in New York appeared first on Insurance Journal.

]]>
Erie Insurance Group Enters Kentucky Market http://www.insurancejournal.com/news/southeast/2014/10/21/344137.htm Tue, 21 Oct 2014 10:35:16 +0000 http://www.insurancejournal.com/?p=344137 Erie Insurance Group has begun to offer its products in the Kentucky market. The Erie, Pennsylvania-based insurer said its entry into Kentucky marks its first geographic expansion in more than 10 years. Erie Insurance said it now has operations in …

The article Erie Insurance Group Enters Kentucky Market appeared first on Insurance Journal.

]]>
Marsh to Acquire Flood Insurance Technology Firm Torrent http://www.insurancejournal.com/news/national/2014/10/20/344070.htm Mon, 20 Oct 2014 14:25:48 +0000 http://www.insurancejournal.com/?p=344070 Insurance broker Marsh has agreed to acquire Torrent Technologies Inc., which serves Write Your Own (WYO) 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 …

The article Marsh to Acquire Flood Insurance Technology Firm Torrent appeared first on Insurance Journal.

]]>
Brokers Willis Group, Miller Talk Merger of Wholesale Brands http://www.insurancejournal.com/news/international/2014/10/20/344062.htm Mon, 20 Oct 2014 13:51:46 +0000 http://www.insurancejournal.com/?p=344062 Willis Group Holdings and Miller Insurance Services LLP are engaged in talks to merge their wholesale insurance businesses. The resulting wholesale brokerage firm would trade under the Miller brand, governed and regulated as a standalone legal entity and separate Lloyd’s …

The article Brokers Willis Group, Miller Talk Merger of Wholesale Brands appeared first on Insurance Journal.

]]>
RSA Insurance Selling Italian Business to ITAS Mutua http://www.insurancejournal.com/news/international/2014/10/17/343955.htm Fri, 17 Oct 2014 14:08:28 +0000 http://www.insurancejournal.com/?p=343955 RSA Insurance Group Plc agreed to sell its Italian business to ITAS Mutua, the country’s oldest customer-owned insurer. RSA will transfer 434 million pounds ($698 million) of liabilities to ITAS and receive a payment of 19 million pounds, the London-based …

The article RSA Insurance Selling Italian Business to ITAS Mutua appeared first on Insurance Journal.

]]>
Global Indemnity to Acquire American Reliable from Assurant Specialty http://www.insurancejournal.com/news/national/2014/10/17/343944.htm Fri, 17 Oct 2014 12:56:29 +0000 http://www.insurancejournal.com/?p=343944 Assurant Specialty Property, a business segment of Assurant Inc., has agreed to sell its general agency business and associated insurance carrier, American Reliable Insurance Co., to Global Indemnity Group Inc., the U.S. subsidiary of Dublin-based Global Indemnity, for approximately $114 …

The article Global Indemnity to Acquire American Reliable from Assurant Specialty appeared first on Insurance Journal.

]]>
Pioneer Underwriters Launches Pioneer Special Risk of N.Y. http://www.insurancejournal.com/news/east/2014/10/16/343807.htm Thu, 16 Oct 2014 16:29:29 +0000 http://www.insurancejournal.com/?p=343807 Pioneer Underwriters has launched a new division called Pioneer Special Risk of New York and hired Gary Dubois as division president. Based in New York, Dubois is joined by Steve Sitterly, chief operating officer, and Scott Misson and Brian Hickey, …

The article Pioneer Underwriters Launches Pioneer Special Risk of N.Y. appeared first on Insurance Journal.

]]>
Texas-Based Premium Finance Group to Be Sold to South Dakota’s MetaBank http://www.insurancejournal.com/news/southcentral/2014/10/15/343711.htm Wed, 15 Oct 2014 16:50:15 +0000 http://www.insurancejournal.com/?p=343711 Cecil Y. Ray Jr., chairman of AFS/IBEX and former chairman of The Rigg Group, has announced the sale of substantially all of the loan portfolio and related assets of Dallas-based AFS/IBEX Financial Services Inc. – including AFS/IBEX Financial Services Inc. of California and …

The article Texas-Based Premium Finance Group to Be Sold to South Dakota’s MetaBank appeared first on Insurance Journal.

]]>
Educator-Focused Meemic Insurance Expands into Illinois http://www.insurancejournal.com/news/midwest/2014/10/15/343715.htm Wed, 15 Oct 2014 16:40:43 +0000 http://www.insurancejournal.com/?p=343715 Meemic Insurance Co., a Michigan-based insurance provider offering personal auto, homeowners, and umbrella coverages tailored exclusively to teachers and other educational employees, announced that the company will immediately begin offering insurance services to educational employees in Illinois. Meemic Insurance Company has been …

The article Educator-Focused Meemic Insurance Expands into Illinois appeared first on Insurance Journal.

]]>
Lawley Insurance Acquires S. Turtletaub & Sons in New Jersey http://www.insurancejournal.com/news/east/2014/10/15/343655.htm Wed, 15 Oct 2014 16:01:57 +0000 http://www.insurancejournal.com/?p=343655 Lawley Insurance, an independent agency based in Buffalo, New York, has acquired S. Turtletaub & Sons Inc., an agency in Bayonne, New Jersey. Terms of the transaction were not disclosed. The transaction is part of Lawley Insurance’s overall New York …

The article Lawley Insurance Acquires S. Turtletaub & Sons in New Jersey appeared first on Insurance Journal.

]]>
USI Insurance Services Acquires Wallace/Scott in Alaska http://www.insurancejournal.com/news/west/2014/10/14/343478.htm Tue, 14 Oct 2014 20:02:51 +0000 http://www.insurancejournal.com/?p=343478 Valhalla, N.Y.-based USI Insurance Services announced the closing on the acquisition of Wallace Insurance Inc./Scott Insurance Services headquartered in Anchorage, Alaska. The employee benefits practice and all of its employees will join USI’s Anchorage office. By acquiring Wallace/Scott, USI’s footprint …

The article USI Insurance Services Acquires Wallace/Scott in Alaska appeared first on Insurance Journal.

]]>
Arthur J. Gallagher Acquires Illinois’ Bennett & Shade Co. http://www.insurancejournal.com/news/midwest/2014/10/14/343460.htm Tue, 14 Oct 2014 16:42:46 +0000 http://www.insurancejournal.com/?p=343460 Arthur J. Gallagher & Co. has acquired retail insurance broker Bennett & Shade Co. in Decatur, Ill. Terms of the transaction were not disclosed. Founded in 1906, Bennett & Shade provides commercial property/casualty, employee benefits, risk management consulting and personal lines …

The article Arthur J. Gallagher Acquires Illinois’ Bennett & Shade Co. appeared first on Insurance Journal.

]]>
White Mountains Buys Majority Stake in Internet Insurance Broker Tranzact http://www.insurancejournal.com/news/national/2014/10/14/343413.htm Tue, 14 Oct 2014 12:00:10 +0000 http://www.insurancejournal.com/?p=343413 White Mountains Insurance Group Ltd. purchased a majority stake in Tranzact for $178 million as the insurer renews its bet on policy sales through the Internet. White Mountains acquired 63 percent of Tranzact, which operates DirectHealth.com, the online insurance comparison …

The article White Mountains Buys Majority Stake in Internet Insurance Broker Tranzact appeared first on Insurance Journal.

]]>
RBC Facing $76 Million in Shareholder Claim Over Merger http://www.insurancejournal.com/news/international/2014/10/14/343338.htm Tue, 14 Oct 2014 11:10:56 +0000 http://www.insurancejournal.com/?p=343338 A Delaware judge said Royal Bank of Canada must pay $75.8 million in damages to former shareholders of Rural/Metro because it failed to disclose conflicts of interest that tainted the $438 million buyout of the ambulance operator. The ruling is …

The article RBC Facing $76 Million in Shareholder Claim Over Merger appeared first on Insurance Journal.

]]>
Aquiline Capital Partners Investing in Louisiana’s Worley Claims Services http://www.insurancejournal.com/news/southcentral/2014/10/10/343269.htm Fri, 10 Oct 2014 16:37:18 +0000 http://www.insurancejournal.com/?p=343269 Aquiline Capital Partners LLC (Aquiline), a New York-based private equity firm, announced it is acquiring a majority stake in Worley Claims Services (Worley), headquartered in Hammond, La. Founded in 1976, Worley provides of claims adjustment and related services across the …

The article Aquiline Capital Partners Investing in Louisiana’s Worley Claims Services appeared first on Insurance Journal.

]]>
First Commonwealth Acquires Thompson/McLay in Pennsylvania http://www.insurancejournal.com/news/east/2014/10/10/343257.htm Fri, 10 Oct 2014 16:01:50 +0000 http://www.insurancejournal.com/?p=343257 First Commonwealth Insurance Agency, an Indiana, Pennsylvania-based insurance agency and a subsidiary of First Commonwealth Financial Corp., acquired Thompson/McLay Insurance Associates, an agency also based in Indiana, Pennsylvania. Terms of the transaction were not disclosed. Thompson/McLay has been in business …

The article First Commonwealth Acquires Thompson/McLay in Pennsylvania appeared first on Insurance Journal.

]]>
Confie Seguros Acquires North Texas Auto Insurance Agency http://www.insurancejournal.com/news/southcentral/2014/10/09/343163.htm Thu, 09 Oct 2014 16:36:00 +0000 http://www.insurancejournal.com/?p=343163 Confie Seguros, a national provider of personal lines insurance, announced it has acquired the assets of Carallo Insurance Group Inc., an auto insurance agency in Garland, Texas. Huntington Beach, Calif.-based Confie has acquired and integrated more than 70 businesses since …

The article Confie Seguros Acquires North Texas Auto Insurance Agency appeared first on Insurance Journal.

]]>
Confie Seguros Acquires AA Insurance, Parietti & McGuire in New York http://www.insurancejournal.com/news/east/2014/10/08/342896.htm Thu, 09 Oct 2014 01:10:49 +0000 http://www.insurancejournal.com/?p=342896 Confie Seguros, a Huntington Beach, California-based national provider of personal lines insurance, has acquired AA Insurance Services and Parietti & McGuire Insurance in New York. AA Insurance Services, founded in 1995 and based in Lockport, New York, is a standard …

The article Confie Seguros Acquires AA Insurance, Parietti & McGuire in New York appeared first on Insurance Journal.

]]>
High Net Worth Insurer, Crestbrook, Expands into Indiana http://www.insurancejournal.com/news/midwest/2014/10/08/343033.htm Wed, 08 Oct 2014 16:45:27 +0000 http://www.insurancejournal.com/?p=343033 Crestbrook Insurance Co., an affluent market personal lines offering from Nationwide, announced its expansion into Indiana. Crestbrook offers insurance products through appointed agents and brokers that address the unique coverage needs for home, auto, collections, personal excess liability, secondary residences …

The article High Net Worth Insurer, Crestbrook, Expands into Indiana appeared first on Insurance Journal.

]]>
Risk Strategies Acquires Crow Friedman Group in Tennessee http://www.insurancejournal.com/news/southeast/2014/10/08/343005.htm Wed, 08 Oct 2014 16:39:14 +0000 http://www.insurancejournal.com/?p=343005 Risk Strategies Co., an insurance brokerage in Boston which recently merged with New York-based broker DeWitt Stern, has acquired Crow Friedman Group, a professional liability brokerage in Memphis, Tennessee. Terms of the transaction were not disclosed. Founded in 1996, Crow …

The article Risk Strategies Acquires Crow Friedman Group in Tennessee appeared first on Insurance Journal.

]]>
Hub International Acquires FieldEddy in Massachusetts http://www.insurancejournal.com/news/east/2014/10/08/342988.htm Wed, 08 Oct 2014 15:16:56 +0000 http://www.insurancejournal.com/?p=342988 Chicago-based global insurance broker Hub International Limited has acquired the assets of FieldEddy, a property/casualty, personal lines and employee benefits brokerage with four locations in and around Springfield, Massachusetts. Terms of the acquisition were not disclosed. FieldEddy has two divisions …

The article Hub International Acquires FieldEddy in Massachusetts appeared first on Insurance Journal.

]]>
New National Search Firm Specializing in P/C Insurance Opens in Kansas http://www.insurancejournal.com/news/midwest/2014/10/07/342898.htm Tue, 07 Oct 2014 16:13:51 +0000 http://www.insurancejournal.com/?p=342898 A new executive search and recruiting firm exclusively dedicated to the property/casualty insurance industry has opened its doors in Prairie Village, Kan. Cohn Search Group provides a full-service recruiting experience to its clients and candidates by identifying and screening top …

The article New National Search Firm Specializing in P/C Insurance Opens in Kansas appeared first on Insurance Journal.

]]>
BusinessFirst Now Offering Workers’ Comp in South Carolina http://www.insurancejournal.com/news/southeast/2014/10/07/342883.htm Tue, 07 Oct 2014 15:05:37 +0000 http://www.insurancejournal.com/?p=342883 BusinessFirst Insurance Co., a Florida-based workers’ compensation insurer, is continuing to expand in the southeast by offering coverage to South Carolina employers. The Lakeland, Florida-based BusinessFirst, was established in 2003 by Summit Consulting, LLC, which serves as the insurer’s managing …

The article BusinessFirst Now Offering Workers’ Comp in South Carolina appeared first on Insurance Journal.

]]>
Hilton to Sell NYC’s Waldorf Astoria to China’s Anbang Insurance for $1.95B http://www.insurancejournal.com/news/east/2014/10/06/342741.htm Mon, 06 Oct 2014 14:06:25 +0000 http://www.insurancejournal.com/?p=342741 Hilton Worldwide Holdings Inc., the world’s largest publicly traded hotel operator, agreed to sell the landmark Waldorf Astoria hotel in Manhattan to China’s Anbang Insurance Group Co. for $1.95 billion. Hilton will continue to manage the 1,232-room luxury hotel, which …

The article Hilton to Sell NYC’s Waldorf Astoria to China’s Anbang Insurance for $1.95B appeared first on Insurance Journal.

]]>
AmTrust Buys Workers’ Compensation Unit from Florida Blue Cross http://www.insurancejournal.com/news/southeast/2014/10/06/342732.htm Mon, 06 Oct 2014 13:45:05 +0000 http://www.insurancejournal.com/?p=342732 AmTrust Financial Services has closed its purchase of a workers’ compensation insurer—a subsidiary of Blue Cross & Blue Shield of Florida (Florida Blue)—right according to plan. AmTrust isn’t disclosing its purchase price of Comp Options Insurance Co., but the New …

The article AmTrust Buys Workers’ Compensation Unit from Florida Blue Cross appeared first on Insurance Journal.

]]>
ANE Adds 5 New Agencies to New Jersey Network http://www.insurancejournal.com/news/east/2014/10/03/342687.htm Fri, 03 Oct 2014 17:43:53 +0000 http://www.insurancejournal.com/?p=342687 ANE, Agency Network Exchange LLC, a network of independently owned and operated insurance agencies, has added five new agencies to its New Jersey network. The following New Jersey-based agencies have joined ANE: J.L. Murray & Co. (Point Pleasant), Borgos Hanlon …

The article ANE Adds 5 New Agencies to New Jersey Network appeared first on Insurance Journal.

]]>