Insurance Journal » Business Moves & Mergers http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Fri, 28 Aug 2015 20:55:29 +0000 en-US hourly 1 http://wordpress.org/?v=4.3 The Andrew Agency Acquires Crowder & Holloway in Virginia http://www.insurancejournal.com/news/east/2015/08/28/380034.htm Fri, 28 Aug 2015 20:55:29 +0000 http://www.insurancejournal.com/?p=380034 The Andrew Agency, an independent insurance agency in Richmond, Virginia, announced it has acquired Crowder & Holloway in South Hill, Virginia. Terms of the transaction were not disclosed. Founded in 1936, Crowder & Holloway is an insurance broker providing personal …

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Florida-Based Advanced E&S Group Opens Dallas Office http://www.insurancejournal.com/news/southcentral/2015/08/28/379999.htm Fri, 28 Aug 2015 16:29:56 +0000 http://www.insurancejournal.com/?p=379999 Advanced E&S Group, a Florida-based managing general agency, has hired April Moeser, branch manager, and Lisa Sherman, underwriting, to facilitate the opening of the firm’s new branch office operations in Dallas, Texas. The Dallas office will work closely with retail …

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S&P: Reinsurance M&A Will Be Driven by Berkshire Hathaway Model http://www.insurancejournal.com/news/international/2015/08/28/379955.htm Fri, 28 Aug 2015 08:00:50 +0000 http://www.insurancejournal.com/?p=379955 Reinsurance M&A activity should continue well into 2016 as competitive pressures continue unabated, Standard & Poor’s said in a new report. The ratings firm said that the Berkshire Hathaways of the world – investment holding companies seeking to enter the insurance …

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AssuredPartners Acquires Insurance & Benefits Group in Missouri http://www.insurancejournal.com/news/midwest/2015/08/27/379885.htm Thu, 27 Aug 2015 16:27:57 +0000 http://www.insurancejournal.com/?p=379885 AssuredPartners Inc. has acquired Insurance & Benefits Group LLC (IBG), headquartered in Sedalia, Mo. IBG’s 31 employees will continue to operate from its three Missouri locations — Sedalia, Lee’s Summit and Warrensburg — under the local leadership of IBG President …

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Integro Acquires HealthCare Risk Specialists in Connecticut http://www.insurancejournal.com/news/east/2015/08/27/379857.htm Thu, 27 Aug 2015 16:06:04 +0000 http://www.insurancejournal.com/?p=379857 Insurance brokerage and risk management firm Integro announced today that it acquired HealthCare Risk Specialists in West Hartford, Connecticut. Financial details of the transaction have not been disclosed. HealthCare Risk Specialists, incorporated in 1998, provides custom-designed as well as traditional …

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Ohio Licenses First Captive Insurance Company http://www.insurancejournal.com/news/midwest/2015/08/26/379765.htm Wed, 26 Aug 2015 16:55:28 +0000 http://www.insurancejournal.com/?p=379765 Lieutenant Governor Mary Taylor announced that Imprise Financial PCC Inc. is now licensed as Ohio’s first ‘protected cell’ captive insurance company. Through its protected cells, Imprise Financial will allow businesses to insure some of their own commercial risks, realize greater …

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Palmer & Cay Re-Enters Texas, Taps McClure as President http://www.insurancejournal.com/news/southcentral/2015/08/26/379749.htm Wed, 26 Aug 2015 16:20:59 +0000 http://www.insurancejournal.com/?p=379749 Independent insurance broker Palmer & Cay has re-formed operations in Dallas, Texas, and named Howard H. McClure III as president of Palmer & Cay of Texas LLC. Georgia-based Palmer & Cay first entered the Texas market in 1999 but the …

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UK’s Towergate Contributes to £20M ($30.9M) Gallagher Lawsuit Settlement http://www.insurancejournal.com/news/international/2015/08/26/379689.htm Wed, 26 Aug 2015 13:51:02 +0000 http://www.insurancejournal.com/?p=379689 The lawsuit filed by Arthur J. Gallagher against the former CEO of its international brokerage operation, David Ross, who defected to Towergate earlier in the year – has been settled for a payment of £20 million ($30.9 million). Gallagher filed …

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Nationwide Rebrands Crestbrook, Expands Affluent Client Offerings to 4 States http://www.insurancejournal.com/news/national/2015/08/26/379681.htm Wed, 26 Aug 2015 12:46:55 +0000 http://www.insurancejournal.com/?p=379681 Nationwide Private Client insurance products and services for affluent clients are now available in four new states: Alaska, Idaho, Minnesota, and Tennessee, bringing the total number of states served to 16. Nationwide Private Client business formerly went under the name …

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Integro Acquires Entertainment Risk Management, London-Based MGA http://www.insurancejournal.com/news/international/2015/08/26/379675.htm Wed, 26 Aug 2015 09:39:55 +0000 http://www.insurancejournal.com/?p=379675 The insurance brokerage and risk management firm Integro Ltd. has acquired Entertainment Risk Management Ltd. (ERM), a London-based managing general agent (MGA), to augment its international entertainment practice.  Financial details of the transaction have not been disclosed. ERM primarily serves brokers …

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Investor Doubts Remain About Zurich’s $8.8B Tentative Offer for UK’s RSA http://www.insurancejournal.com/news/international/2015/08/26/379667.htm Wed, 26 Aug 2015 07:41:21 +0000 http://www.insurancejournal.com/?p=379667 Zurich Insurance Group AG’s announcement that it’s considering a 5.6 billion-pound ($8.8 billion) offer for RSA Insurance Group plc is leaving investors in doubt that the takeover will happen at that price. RSA rose 4.6 percent to 517.5 pence at 4:17 p.m. in London …

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Auto-Owners Insurance Acquires North-Carolina Based Atlantic Casualty http://www.insurancejournal.com/news/southeast/2015/08/26/379656.htm Wed, 26 Aug 2015 05:23:29 +0000 http://www.insurancejournal.com/?p=379656 Strickland Insurance Group, Inc. has reached a definitive agreement for Atlantic Casualty Insurance Co., based in Goldsboro, N.C., to be acquired by Auto-Owners Insurance Group of Lansing, Mich. According to Bobby Strickland, chairman and CEO of Atlantic Casualty Insurance Co., …

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Zurich Insurance Offers $8.8 Billion to Acquire UK’s RSA http://www.insurancejournal.com/news/international/2015/08/25/379496.htm Tue, 25 Aug 2015 07:21:06 +0000 http://www.insurancejournal.com/?p=379496 Zurich Insurance Group AG, Switzerland’s largest insurer, proposed to buy the UK’s RSA Insurance Group plc for about 5.6 billion pounds ($8.8 billion). RSA is willing to recommend the possible offer of 550 pence a share to its shareholders provided satisfactory terms are met, …

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Distinguished to Acquire Fulcrum Insurance Programs in Washington http://www.insurancejournal.com/news/west/2015/08/24/379462.htm Mon, 24 Aug 2015 19:57:10 +0000 http://www.insurancejournal.com/?p=379462 Distinguished Programs Holdings LLC announced the pending acquisition of Bellevue, Wash.-based Fulcrum Insurance Programs. The businesses will be combined and rebranded as Distinguished Specialty. Fulcrum principals Dusty Rowland and Eric Arthur will be joining Distinguished Specialty as senior executives and …

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Shareholders in UK’s RSA Bracing for Lowball Bid from Suitor Zurich Insurance http://www.insurancejournal.com/news/international/2015/08/24/379352.htm Mon, 24 Aug 2015 07:03:27 +0000 http://www.insurancejournal.com/?p=379352 Shareholders in British insurer RSA are bracing for a lowball bid from prospective suitor Zurich Insurance, putting one of Europe’s largest ever insurance deals in doubt. After flagging its interest to the market on July 28, Zurich has until Tuesday …

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Meadowbrook Insurance Acquires Mackinaw Administrators http://www.insurancejournal.com/news/midwest/2015/08/20/379155.htm Thu, 20 Aug 2015 16:40:35 +0000 http://www.insurancejournal.com/?p=379155 Meadowbrook Insurance Group Inc., based in Southfield, Mich., has acquired Mackinaw Administrators LLC (Mackinaw). Founded in 1995, Mackinaw is a Michigan-based program and claims administrator that provides tailored insurance and risk management programs and other related services for both group …

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USG Unit Acquires Certain Program Renewal Rights From US Assure in Florida http://www.insurancejournal.com/news/southeast/2015/08/20/379147.htm Thu, 20 Aug 2015 16:30:07 +0000 http://www.insurancejournal.com/?p=379147 Allied American Underwriters, a subsidiary of USG Insurance Services Inc., announced that it acquired the renewal rights on several books of business from Jacksonville, Florida-based US Assure. The terms of the acquisition were not disclosed, but included their Commercial Storage …

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Willis Completes Acquisition of Australia’s CKA Risk Solutions http://www.insurancejournal.com/news/international/2015/08/20/379084.htm Thu, 20 Aug 2015 09:33:40 +0000 http://www.insurancejournal.com/?p=379084 Willis Australia, part of Willis Group Holdings plc, announced the completion of its acquisition of CKA Risk Solutions. The announcement noted that “CKA is a leading independent broker based in Perth with a strong focus on medium to large-sized corporates, …

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Texas’ TCOR Management Forms New Agency, TIA-TCOR http://www.insurancejournal.com/news/southcentral/2015/08/19/379080.htm Thu, 20 Aug 2015 00:24:43 +0000 http://www.insurancejournal.com/?p=379080 TCOR Management, based in New Braunfels, Texas, announced it has formed a new insurance agency, TIA-TCOR LLC, dba Texas Insurance Agency. With Ben Reedy as principal, San Antonio-based TIA-TCOR provides insurance, risk management, surety and employee benefits to organizations across …

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Illinois Agencies AAdvantage Insurance, Premier Insurance Merge http://www.insurancejournal.com/news/midwest/2015/08/19/379078.htm Thu, 20 Aug 2015 00:21:00 +0000 http://www.insurancejournal.com/?p=379078 AAdvantage Insurance Group in Glen Carbon, Ill., led by founder Dave Viox, recently announced a merger with Premier Insurance Associates located in Edwardsville, Ill. Vince and Deb Valesano, former owners of Premier Insurance Associates, will also join AAdvantage Insurance Group. …

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The Hilb Group Acquires JWB Insurance in North Carolina http://www.insurancejournal.com/news/southeast/2015/08/18/378928.htm Tue, 18 Aug 2015 17:27:35 +0000 http://www.insurancejournal.com/?p=378928 The Hilb Group LLC announced today that it acquired JWB Insurance Group, an independent agency in Wilmington, North Carolina. The transaction became effective Aug. 1, 2015. The terms of the deal were not disclosed. Established in 1995, JWB Insurance Group …

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Florida’s Brightway Establishes $20M Financing Agreement With SunTrust Bank http://www.insurancejournal.com/news/southeast/2015/08/18/378890.htm Tue, 18 Aug 2015 16:13:15 +0000 http://www.insurancejournal.com/?p=378890 The Jacksonville, Florida-based Brightway Insurance said it received $20 million in bank financing through SunTrust Bank to help fund its national expansion. Brightway is a national property/casualty insurance agency selling through a network of franchised locations. The company started in …

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Hub International Acquires Doctors Insurance Services of New England http://www.insurancejournal.com/news/east/2015/08/17/378714.htm Mon, 17 Aug 2015 15:53:19 +0000 http://www.insurancejournal.com/?p=378714 Insurance brokerage Hub International Limited announced today that it acquired the assets of Doctors Insurance Services of New England (DISNE). Terms of the acquisition were not disclosed. Based in the Boston suburb of Holliston, Massachusetts, DISNE specializes in providing personal …

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Patriot National Acquires R.C.A. Insurance Group in New Jersey http://www.insurancejournal.com/news/east/2015/08/17/378713.htm Mon, 17 Aug 2015 15:51:41 +0000 http://www.insurancejournal.com/?p=378713 Patriot National Inc., a workers’ compensation outsourcing services firm based in Fort Lauderdale, Florida, announced today that it acquired R.C.A. Insurance Group (RCA), a Clifton, New Jersey-based property and liability program administrator to the hospitality industry. RCA provides preferred insurance …

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Missouri Agency Hawkins-Harrison Joins Keystone Insurers Group http://www.insurancejournal.com/news/midwest/2015/08/14/378612.htm Fri, 14 Aug 2015 16:23:07 +0000 http://www.insurancejournal.com/?p=378612 Edina, Mo.-based insurance agency, Hawkins-Harrison, has joined Keystone Insurers Group as its latest franchise partner in Missouri. Hawkins-Harrison was established in 1956 and quickly expanded into selling all lines of business. They are the current sponsored agent for the Wheatbelt …

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Integro Acquires UK’s AFL Insurance Brokers Aviation Division http://www.insurancejournal.com/news/international/2015/08/14/378567.htm Fri, 14 Aug 2015 10:24:09 +0000 http://www.insurancejournal.com/?p=378567 International insurance broker and risk management firm Integro Ltd. announced that it has acquired AFL Insurance Brokers Ltd.’s Aviation division; a move that it said would enhance “Integro’s global sector presence with an additional dedicated aviation team that will be …

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Beneficial Insurance Services Acquires Pye Karr Ambler & Co. in Pennsylvania http://www.insurancejournal.com/news/east/2015/08/13/378540.htm Thu, 13 Aug 2015 19:12:09 +0000 http://www.insurancejournal.com/?p=378540 Beneficial Insurance Services, a subsidiary of Beneficial Bank in Philadelphia, announced that it has acquired Pye Karr Ambler & Co. Inc. (PKA), an independent insurance agency in Jenkintown, Pennsylvania. Terms of the transaction were not disclosed. Beneficial Insurance said the …

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Johnson & Johnson Acquires John Handel & Associates in Florida http://www.insurancejournal.com/news/southeast/2015/08/13/377935.htm Thu, 13 Aug 2015 08:00:10 +0000 http://www.insurancejournal.com/?p=377935 Managing general agency Johnson & Johnson, Inc. (J&J) has acquired John Handel & Associates, Inc. (JHA), located in St. Petersburg, Fla. Under its new ownership, JHA will continue to offer the same products and services throughout the state of Florida, …

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Willis Completes Acquisition of Taiwan’s Elite Risk Services http://www.insurancejournal.com/news/international/2015/08/12/378283.htm Wed, 12 Aug 2015 10:51:54 +0000 http://www.insurancejournal.com/?p=378283 Willis Group Holdings plc has announced the completion of its acquisition of Elite Risk Services Limited of Taiwan. Willis said the deal is a “significant boost” to its market presence in Taiwan, as it “almost doubles the size of its …

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Wells Fargo Considers Selling Crop Insurance Unit http://www.insurancejournal.com/news/national/2015/08/12/378275.htm Wed, 12 Aug 2015 10:32:45 +0000 http://www.insurancejournal.com/?p=378275 Wells Fargo & Co may divest its crop insurance business, one of the biggest in the United States, a spokeswoman told Reuters on Tuesday, as regulatory restrictions on U.S. banks force some to reconsider underwriting insurance policies. Wells Fargo has …

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