Chicago, Ill.-based Flexpoint Ford LLC, a private equity firm focused on the financial services and healthcare sectors, announced its affiliates have signed a definitive agreement to acquire Fairfield, Calif.-based GeoVera Insurance Group Holdings Ltd. from affiliates of Hellman & Friedman …
Leonard Freeman, founder of Freeman & Pearce Insurance Agency Inc. in Orange, Calif., died at his Southern California home on Sunday after battling Alzheimer’s disease. Freeman, a resident of Orange, was 73. He was born in St. Louis, Mo. and …
Itasca, Ill.-based Arthur J. Gallagher & Co. acquired Schiff, Kreidler-Shell Insurance and Risk Services headquartered in Cincinnati, Ohio. Terms of the deal were not disclosed. Schiff, Kreidler-Shell Insurance and Risk Services is a retail insurance broker providing property/casualty, employee benefits …
Encino, Calif.-based NAS Insurance Services has expanded its national specialty insurance business with the addition of Matt Singerman, chief financial officer, and Jeremy Barnett, senior vice president of marketing to the executive team. NAS’ product teams are also expanding as …
Global insurance broker and risk management firm Arthur J. Gallagher & Co. boosted its profit 85 percent in the first quarter, from $15.2 million in 2011 to $28.1 million this year, due to strong growth in commission and fee income. …
Denver, Colo.-based IMA Inc. named Lise Kafka to its health risk management practice, Life IQ, and Christopher Walters has joined IMA’s sales team. Kafka and Walters will be located in IMA’s Denver office. Kafka will contribute to Life IQ, IMA’s …
New York-based reinsurance holding company Southport Re appointed Glenn Weber to the newly created position of chief executive officer. Southport Re is part of New York-based private equity firm Southport Lane. As the top executive at Southport Re, Weber will …
A growing number of small businesses in New Jersey are self-funding or self-insuring their employees’ healthcare costs, and they are opting out of paying fixed premiums for traditional health insurance plans like those offered by BlueCross/BlueShield. This method, traditionally embraced …
Safety officials are inspecting more than 250 apartment and condominium buildings near Toledo, Ohio following the March deaths of two people in a blaze at an apartment complex plagued by fires. That fire destroyed a 24-unit building and displaced about …
Texas has been awarded more than $61 million in federal grants to support community health centers. The funding was announced Tuesday by U.S. Health and Human Services Secretary Kathleen Sebelius. The Texas share is part of $728 million provided nationwide. …
