Business Moves & Mergers News

Arthur J. Gallagher Acquires Everett James in Connecticut

Arthur J. Gallagher & Co. announced the acquisition of Everett James Inc. located in Ridgefield, Connecticut. Terms of the transaction were not disclosed. Established in 1990, Everett James offers employee benefits consulting and brokerage services primarily for large and middle-market …

Lighthouse Insurance Expands Homeowners Program to North Carolina

Beginning in November 2014, Lighthouse Property Insurance Corp. will offer homeowners insurance and flood insurance throughout North Carolina. While Lighthouse will debut in the state with only homeowners and flood, it expects to introduce a dwelling fire product in 2015. …

Private Equity Firm HGGC Buys Into Florida Non-Standard Auto MGA Pearl Holding

HGGC, a middle market private equity firm, said it has completed a majority investment in Pearl Holding Group, a managing general agent (MGA) focused on the non-standard auto insurance market in Florida. As part of the transaction, Pearl’s owners, Jared …

NORCAL Mutual Expands Medical PL Coverage in Kansas, Missouri

San Francisco-based NORCAL Mutual Insurance Co. is expanding its coverage area to include Kansas and Missouri, offering a new enhanced medical professional liability insurance policy for healthcare professionals. The company’s subsidiary, Medicus Insurance Co., has been offering coverage in these …

Anchor Insurance to Acquire Southeast Surplus Underwriters and Affiliates

Anchor Insurance Holdings is purchasing Beaumont, Texas-based Southeast Surplus Underwriters General Agency, Spindletop Premium Finance, and Ranchers and Farmers Insurance Co. from Mirage Interest Inc., the companies reported. According to information posted on its website, Mirage Interest is a descendant …

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 …

Hub International Acquires Canadian Commercial Line Book of Business

Hub International Limited announced that its Ontario subsidiary, Hub International Sinclair Cockburn Limited, has acquired a commercial line book of business from independent broker Lisa Cook. Terms of the acquisition were not disclosed. “Cook will join Hub’s Markham, Ontario office …

U.S. Risk Opens New Office in Fort Worth, Texas

Dallas-based managing general agency and surplus lines wholesaler, U.S. Risk Insurance Group Inc., has opened a new office in Fort Worth, Texas. The new office is initially staffed with underwriters from the energy and commercial underwriting divisions of U.S. Risk. …

Tennessee’s Bradshaw Insurors joins Keystone Insurers Group

Bradshaw & Company Insurors of Dyersburg is Keystone Insurers Group’s newest franchise partner in Tennessee. The agency offers auto, home, business, farm, life and health insurance. Bradshaw & Co. was established by Sam and Clara Bradshaw in 1965. Current manager …

SCOR Receives License to Operate as Local Brazil Reinsurer

France’s SCOR announced the creation of a local entity in Brazil, SCOR Brasil Resseguros SA (SCOR Brasil Re), following receipt of a license to operate as a Local Reinsurer granted by the Brazilian insurance authority SUSEP on August 26th, 2014. …