Business Moves & Mergers News

Aquiline Capital Partners Investing in Louisiana’s Worley Claims Services

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 …

First Commonwealth Acquires Thompson/McLay in Pennsylvania

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 …

Confie Seguros Acquires North Texas Auto Insurance Agency

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 …

Confie Seguros Acquires AA Insurance, Parietti & McGuire in New York

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 …

High Net Worth Insurer, Crestbrook, Expands into Indiana

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 …

Risk Strategies Acquires Crow Friedman Group in Tennessee

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 …

Hub International Acquires FieldEddy in Massachusetts

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 …

New National Search Firm Specializing in P/C Insurance Opens in Kansas

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 …

BusinessFirst Now Offering Workers’ Comp in South Carolina

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 …

Hilton to Sell NYC’s Waldorf Astoria to China’s Anbang Insurance for $1.95B

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 …