Business Moves & Mergers News

AIG Global Real Estate Seeks $450 Million in Sale of South Korean Hotel

AIG Global Real Estate, a unit of American International Group Inc., is seeking at least $450 million from the sale of a luxury hotel in the South Korean capital, people with knowledge of the matter said. AIG’s Korean real estate …

U.K.’s Towergate Bonds Plunge on News of Takeover Bids

Towergate Finance plc’s high-yield bonds plunged to a record after Europe’s largest insurance broker said it received takeover offers. The company’s 304.6 million pounds ($475.5 million) of 10.5 percent notes fell 16 pence on the pound to 45 pence, the …

Integro Adds Aviation Expertise With Dewald and Team in Utah

Integro announced it’s enhancing its aviation practice with the addition of sector specialist Leslie DeWald as managing principal. DeWald and her team of four will be based in Park City, Utah. They specialize in aviation and aerospace insurance. DeWald previously …

FBinsure Acquires Gramlich Insurance Agency in Massachusetts

FBinsure, an independent insurance agency based in Taunton, Massachusetts, announced its acquisition of Gramlich Insurance Agency, an independent agency in New Bedford, Massachusetts. The terms of the transaction were not disclosed. Ray Gramlich, president of Gramlich Insurance Agency, will be …

CGSC to Rebrand London Insurance Brokerage Operations for 50th Year

Cooper Gay Swett & Crawford (CGSC) has announced the renaming of its London market brokerage businesses in advance of its 50th year of trading. From January 1st, 2015, CGNMB LLP will become the single united brand, combining Lloyd’s brokers Cooper …

York Risk Services Group Acquires RMPG in New York

York Risk Services Group Inc., a Parsippany, New Jersey-based provider of claims management, managed care, risk management and specialized loss adjusting services, has acquired Risk Management Planning Group (RMPG) in Mineola, New York. The terms of the transaction were not …

Arthur J. Gallagher Acquires The Titan Group in Virginia

Arthur J. Gallagher & Co. announced the acquisition of The Titan Group, LLC located in Richmond, Virginia. Terms of the transaction were not disclosed. Founded in 2001, Titan provides human resource consulting services for private, public, nonprofit, education and state …

Texas Legal Protection Plan Now Known as Texas Legal

A Texas company that provides legal insurance for routine needs to unexpected events has changed its name. The company formerly known as Texas Legal Protection Plan has changed its name to Texas Legal. It was founded by the State Bar …

Texas Agent Group Acquires LevelFirst, Forms IIAT Services MGA

The Independent Insurance Agents of Texas (IIAT) announced it is continuing its tradition of providing insurance markets for small independent agencies with the acquisition of Dallas-based managing general agency LevelFirst LLC. Operating as IIAT Services MGA, the new company will expand …

Hudson Insurance Acquires Surety Partners’ Northeast Operation

Hudson Insurance Group has acquired the underwriting operations of Surety Partners of America, Northeast, which is based in Chester, New Jersey. Surety Partners of America, which was formed in 2009, is licensed and operates in 50 states through regional offices …