Insurance Journal » Business Moves & Mergers http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Thu, 23 May 2013 20:03:37 +0000 en-US hourly 1 http://wordpress.org/?v=3.5.1 Brown & Brown to Acquire Insurance Broker Beecher Carlson http://www.insurancejournal.com/news/national/2013/05/22/293026.htm Wed, 22 May 2013 19:27:45 +0000 http://www.insurancejournal.com/?p=293026 Florida-based national insurance agency Brown & Brown Inc. has agreed to acquire Beecher Carlson Holdings Inc., an insurance and risk management broker with operations that include retail brokerage, program management and captive management, from Austin Ventures, FSPM and a group …

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]]> Georgia’s Denham Agency Joins Keystone Group http://www.insurancejournal.com/news/southeast/2013/05/22/292951.htm Wed, 22 May 2013 15:01:13 +0000 http://www.insurancejournal.com/?p=292951 The Denham Agency, an Americus-based insurance agency, has become the 14th Keystone Insurers Group partner in Georgia. The Denham Agency was established in 1984 by current president Mike Denham. In 2011, the agency formed a satellite office in Cordele, Georgia. …

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]]> Jacobson Completes Merger with UK’s ejsSearch http://www.insurancejournal.com/news/international/2013/05/22/292925.htm Wed, 22 May 2013 10:25:02 +0000 http://www.insurancejournal.com/?p=292925 The Chicago-based Jacobson Group, which provides recruits to the insurance industry, and ejsSearch – the London-based insurance executive search firm specializing in assignments in London and broader European and international markets — have completed their merger agreement. The two firms …

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]]> Confie Seguros Acquires Texas State Low Cost Insurance http://www.insurancejournal.com/news/southcentral/2013/05/14/291847.htm Tue, 14 May 2013 16:24:06 +0000 http://www.insurancejournal.com/?p=291847 Confie Seguros, a national provider of personal lines insurance, has acquired Texas State Low Cost Insurance Agency of Austin, expanding the company’s network beyond its current locations in San Antonio and Houston. Texas State Low Cost Insurance was founded by …

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]]> Oklahoma’s Midlands MGA Joins Trusted Choice http://www.insurancejournal.com/news/southcentral/2013/05/14/291839.htm Tue, 14 May 2013 16:22:33 +0000 http://www.insurancejournal.com/?p=291839 Oklahoma-based managing general agent, Midlands, is the newest member of the Trusted Choice consumer branding program for independent insurance agents and brokers, the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) announced. Midlands, headquartered in Oklahoma …

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]]> CBIZ Acquires Minnesota’s Associated Insurance Agents http://www.insurancejournal.com/news/midwest/2013/05/07/291198.htm Tue, 07 May 2013 18:25:58 +0000 http://www.insurancejournal.com/?p=291198 CBIZ Inc. announced it acquired Associated Insurance Agents (AIA), of Minneapolis, Minn., effective May 1, 2013. Established in 1982, AIA is an insurance brokerage agency specializing in property and casualty insurance, personal lines, and health and benefit insurance for clients …

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]]> Insurance Inc. Opens Second Location in Southern California http://www.insurancejournal.com/news/west/2013/05/07/291175.htm Tue, 07 May 2013 17:23:16 +0000 http://www.insurancejournal.com/?p=291175 Insurance Incorporated has opened an office in Upland, Calif. to serve business owners and consumers located in San Bernardino County and surrounding areas. The office will be led by Tom Thomas, who has 30 years’ experience in the insurance industry. …

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]]> Univest Acquires John T. Fretz Insurance Agency in Pennsylvania http://www.insurancejournal.com/news/east/2013/05/07/291142.htm Tue, 07 May 2013 16:48:46 +0000 http://www.insurancejournal.com/?p=291142 Univest Corporation of Pennsylvania and its insurance subsidiary, Univest Insurance Inc., announced this month the acquisition of John T. Fretz Insurance Agency Inc. John T. Fretz Insurance Agency is a family-owned-and-operated property/casualty insurance agency for both personal and commercial clients. …

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]]> ACE Acquires Mexico Personal Lines Insurer ABA Seguros http://www.insurancejournal.com/news/international/2013/05/03/290827.htm Fri, 03 May 2013 10:39:43 +0000 http://www.insurancejournal.com/?p=290827 ACE Limited announced that it has completed the acquisition of Mexican personal lines insurer ABA Seguros from Ally Financial Inc. for approximately $690 million in cash, after a $175 million pre-closing dividend taken by the seller. ACE noted that ABA …

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]]> Keystone Insurers Group to Expand into Illinois http://www.insurancejournal.com/news/midwest/2013/05/02/290636.htm Thu, 02 May 2013 16:23:46 +0000 http://www.insurancejournal.com/?p=290636 Property and casualty insurance franchisor, Keystone Insurers Group, announced it will begin adding partner agencies in Illinois during the fourth quarter of 2013. Illinois will become the ninth state represented in the Keystone group of independent agencies. Initially Keystone will …

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]]> AJ Gallagher Acquires UK’s Property & Commercial Limited http://www.insurancejournal.com/news/international/2013/05/02/290554.htm Thu, 02 May 2013 10:09:29 +0000 http://www.insurancejournal.com/?p=290554 Arthur J. Gallagher announced the acquisition of UK-based Property & Commercial Limited from Barbon Insurance Group. Terms of the transaction were not disclosed. “This insurance business provides retail and wholesale insurance products and services as well as affinity business and …

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]]> Applied Systems Acquires IVANS P/C Business http://www.insurancejournal.com/news/national/2013/05/01/290379.htm Wed, 01 May 2013 16:26:19 +0000 http://www.insurancejournal.com/?p=290379 Insurance software vendor Applied Systems said it has completed its acquisition of the property/casualty business of IVANS, which has been providing products for insurance data exchange and integration between insurance carriers and agencies for more than 30 years. The IVANS …

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]]> Confie Seguros Acquires Capital Insurance Agency in New Jersey http://www.insurancejournal.com/news/east/2013/05/01/290332.htm Wed, 01 May 2013 15:19:26 +0000 http://www.insurancejournal.com/?p=290332 Hispanic market-focused insurance agency network Confie Seguros announced the acquisition of Capital Insurance Agency of Trenton, N.J. Capital Insurance has been in business since 1935 and specializes in personal insurance lines, as well as commercial insurance. Confie Seguros CEO Joe …

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]]> Markel Completes Alterra Acquisition http://www.insurancejournal.com/news/national/2013/05/01/290329.htm Wed, 01 May 2013 15:10:51 +0000 http://www.insurancejournal.com/?p=290329 Markel Corp. said it has completed its acquisition of Alterra Capital Holdings Limited. The closing follows receipt of regulatory approvals and votes in favor of the transaction by the shareholders of the two companies in February. As a result, two …

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]]> AXA to Buy 50% of China P&C Insurer Tian Ping for $631 Million http://www.insurancejournal.com/news/international/2013/04/26/289819.htm Fri, 26 Apr 2013 10:27:07 +0000 http://www.insurancejournal.com/?p=289819 France’s AXA Group announced that it has entered into an agreement with Tian Ping Auto Insurance Company Limited shareholders to acquire 50 percent of the company. Under the terms of the agreement, and subject to regulatory approval, “AXA will buy …

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]]> Brazil’s BB Seguridade, Smiles SA Conclude IPO’s – Boosts Insurance http://www.insurancejournal.com/news/international/2013/04/26/289813.htm Fri, 26 Apr 2013 10:15:13 +0000 http://www.insurancejournal.com/?p=289813 Brazil’s BB Seguridade Participações SA sealed the world’s biggest initial public offering in seven months at a time when confidence in the South American giant has ebbed because of concerns about high inflation and mounting government interference in some sectors …

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]]> AssuredPartners Acquires Buckley & Company in Kentucky http://www.insurancejournal.com/news/southeast/2013/04/25/289792.htm Thu, 25 Apr 2013 19:19:13 +0000 http://www.insurancejournal.com/?p=289792 AssuredPartners Inc., through its Neace Lukens subsidiary, recently acquired Lexington, Ky.-based Buckley & Company insurance agency. The Buckley & Company office will merge with the existing Neace Lukens’ Lexington branch. More than 10 Buckley & Company employees will join Neace …

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]]> Hilb Group Buys Virginia-Based Brokerage Engle, Paxson & Hawthorne http://www.insurancejournal.com/news/east/2013/04/24/289627.htm Wed, 24 Apr 2013 16:52:13 +0000 http://www.insurancejournal.com/?p=289627 The Hilb Group announced last week the acquisition of Engle, Paxson & Hawthorne Insurance Services (EPH) of Leesburg, Va. The transaction was effective April 1, 2013. Founded over a century ago, EPH serves residents and middle-market business owners in northern …

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]]> McGowan Acquires Ohio’s Governmental Underwriters of America http://www.insurancejournal.com/news/midwest/2013/04/24/289546.htm Wed, 24 Apr 2013 05:20:26 +0000 http://www.insurancejournal.com/?p=289546 The McGowan Companies (McGowan), based in Fairview Park, Ohio, has purchased the assets of Governmental Underwriters of America Inc. (GUA). Effective immediately, GUA will begin operating under the newly formed McGowan Governmental Underwriters (MGU) brand. Founded in 2006, GUA provides …

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]]> K2 Insurance Services Buys Aegis Security in Pennsylvania http://www.insurancejournal.com/news/east/2013/04/22/289350.htm Mon, 22 Apr 2013 16:38:33 +0000 http://www.insurancejournal.com/?p=289350 San Diego, Calif.-based K2 Insurance Services has acquired Aegis Security Inc. in Harrisburg, Penn. Terms of the acquisition were not disclosed. Aegis Security specializes in insurance for manufactured homes, motorcycles, travel trailers, select-value dwellings and other specialty insurance products. With …

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]]> Brit Global Specialty Acquiring Maiden Holdings’ E&S Renewals, Underwriting http://www.insurancejournal.com/news/international/2013/04/22/289269.htm Mon, 22 Apr 2013 12:48:34 +0000 http://www.insurancejournal.com/?p=289269 Bermuda-based Brit Insurance and Maiden Holdings, Ltd. have announced a temporary 100 percent quota share reinsurance of Maiden’s Excess and Surplus (E&S) unit, Maiden Specialty, with Brit Global Specialty. The bulletin said the “arrangement will shortly evolve into Brit assuming …

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]]> Farmers to Close 21st Century Insurance Call Center in N.Y. http://www.insurancejournal.com/news/east/2013/04/19/289217.htm Fri, 19 Apr 2013 16:56:07 +0000 http://www.insurancejournal.com/?p=289217 Los Angeles-based Farmers Insurance Group is continuing its integration effort with 21st Century Insurance, an auto insurance company it acquired from American International Group for approximately $1.9 billion in 2009. This month, Farmers announced that it will be closing a …

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]]> Catalina Completes Acquisition of KX Re from Tawa plc http://www.insurancejournal.com/news/international/2013/04/17/288619.htm Wed, 17 Apr 2013 10:54:09 +0000 http://www.insurancejournal.com/?p=288619 Catalina Holdings (Bermuda) Ltd announced that it has completed its acquisition of KX Reinsurance Company Limited, including its Re’s wholly owned subsidiary OX Reinsurance Company Limited (OX Re), from Tawa plc, following then approval received from the UK Prudential Regulation …

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]]> Willis Extends Call Option on Acquisition of All Gras Savoye Shares http://www.insurancejournal.com/news/international/2013/04/17/288613.htm Wed, 17 Apr 2013 10:42:35 +0000 http://www.insurancejournal.com/?p=288613 Global risk advisor, insurance and reinsurance broker Willis Group Holdings announced that it has extended by one year the exercise date of its call option to acquire full ownership of French insurance broker Gras Savoye, from 2015 to 2016. Willis …

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]]> California’s Atlas General Acquires South Bay Underwriters http://www.insurancejournal.com/news/west/2013/04/12/288202.htm Fri, 12 Apr 2013 12:27:17 +0000 http://www.insurancejournal.com/?p=288202 Atlas General Insurance Services in San Diego, Calif. has acquired South Bay Underwriters from Bliss & Glennon, a Redondo Beach-based national managing general agency and surplus lines broker. The firms said that upon closing of the transaction, scheduled for May …

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]]> Protective Life to Buy AXA’s U.S. Life Insurance Unit for $1.06 Billion http://www.insurancejournal.com/news/national/2013/04/11/288026.htm Thu, 11 Apr 2013 10:13:36 +0000 http://www.insurancejournal.com/?p=288026 Protective Life Corp said it will buy Mony Life Insurance Company from parent AXA SA for $1.06 billion to access its portfolio of life insurance policies. Protective Life sees the deal adding between $0.10 and $0.15 to its earnings per …

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]]> AssuredPartners Acquires Alan James Insurance in Florida http://www.insurancejournal.com/news/southeast/2013/04/10/287869.htm Wed, 10 Apr 2013 15:13:52 +0000 http://www.insurancejournal.com/?p=287869 AssuredPartners of Florida has acquired substantially all of the assets of Alan James Insurance, a Ft. Lauderdale-based insurance broker specializing in insurance for the south Florida real estate market. The agency is led by Alan Chesler and James Hartman and …

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]]> Thoits in California Bought by NFP http://www.insurancejournal.com/news/west/2013/04/09/287816.htm Tue, 09 Apr 2013 23:14:35 +0000 http://www.insurancejournal.com/?p=287816 San Jose, Calif.-based Thoits Insurance Service Inc. was acquired by NFP Property & Casualty Insurance Services, a wholly owned subsidiary of National Financial Partners Corp. Thoits Insurance will become the NFP property/casualty regional office in California, responsible for the management and …

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]]> Qatar Financial Centre Authority Sells Qatarlyst to Ebix Inc. http://www.insurancejournal.com/news/international/2013/04/09/287721.htm Tue, 09 Apr 2013 10:28:32 +0000 http://www.insurancejournal.com/?p=287721 The Qatar Financial Centre Authority (QFCA) announced that it has reached an agreement to sell Qatarlyst, an electronic trading exchange for the global insurance and reinsurance industry, to Ebix Singapore Pte Limited, a subsidiary of Ebix, Inc., an international supplier …

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]]> W.R. Berkley Corp. Divests, Connecticut Bank Acquires InsurBanc http://www.insurancejournal.com/news/national/2013/04/08/287404.htm Mon, 08 Apr 2013 16:33:01 +0000 Young Ha http://www.insurancejournal.com/?p=287404 InsurBanc — a federal savings bank founded by the Independent Insurance Agents & Brokers of America and W.R. Berkley Corp. a dozen years ago — has joined Connecticut Community Bank N.A., based in Westport, Conn., effective April 1. Under the …

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