J.C. Flowers & Co. LLC

Source Says Macquarie in Talks to Acquire Fox-Pitt Kelton

August 21, 2009 - Australia's Macquarie Group Ltd. is in talks to acquire Fox-Pitt Kelton Cochran Caronia Waller, a small investment bank owned by its management and private equity firm J.C. Flowers & Co LLC, a...
https://www.insurancejournal.com/news/international/2009/08/21/103188.htm

AIG Facing Liquidity Crisis, Seeks $40 Billion Loan from Federal Reserve

September 14, 2008 - Insurer American International Group Inc., working to stave off rating downgrades [See related article] and shore up the capital of its holding company, has made an unprecedented approach to the...
https://www.insurancejournal.com/news/national/2008/09/14/93672.htm

Business Moves

February 10, 2008 - Berkshire Hathaway, Swiss Re Berkshire Hathaway has acquired a 3 percent stake in Swiss Re. Swiss Re has also entered into a reinsurance contract with Berkshire Hathaway which will give it a share...
https://www.insurancejournal.com/magazines/business-moves/2008/02/10/155577.htm

Conn. Approves J.C. Flowers Deal for Direct Response Corp.

January 18, 2008 - Connecticut's top insurance regulator has signed off on a deal that makes private equity firm J.C. Flowers & Co the largest investor in Meriden-based Direct Response Corp. DRC is the holding...
https://www.insurancejournal.com/news/east/2008/01/18/86573.htm

Business Moves

September 3, 2007 - Citi, BISYS Citi completed its previously announced acquisition of The BISYS Group Inc. for approximately $1.44 billion in an all-cash transaction. In the transaction BISYS shareholders will...
https://www.insurancejournal.com/magazines/business-moves/2007/09/03/154644.htm

Business Moves

September 3, 2007 - Citi, BISYS Citi completed its previously announced acquisition of The BISYS Group Inc. for approximately $1.44 billion in an all-cash transaction. In the transaction BISYS shareholders will...
https://www.insurancejournal.com/magazines/business-moves/2007/09/03/154668.htm

Rating Roundup: WUBA

August 16, 2007 - A.M. Best Co. has commented that the financial strength rating of "B++" (Good) and the issuer credit rating of "bbb" of Germany's Wurttembergische und Badische Versicherungs-AG (WUBA) remain...
https://www.insurancejournal.com/news/international/2007/08/16/82712.htm

AIG to Acquire German Insurer, Wuba

August 10, 2007 - American International Group, Inc. (AIG) reports it is stepping up its presence in the German insurance market by acquiring a German insurer that offers coverage for small and medium firms. A...
https://www.insurancejournal.com/news/international/2007/08/10/82588.htm

Citi Completes Acquisition of BISYS; Resells Retirement Unit to J.C. Flowers

August 2, 2007 - Citi reports it has completed its previously announced acquisition of The BISYS Group, Inc. for approximately $1.44 billion in an all-cash transaction. In the transaction BISYS shareholders will...
https://www.insurancejournal.com/news/national/2007/08/02/82238.htm

Business Moves

May 21, 2007 - Liberty Mutual, Ohio Casualty Boston-based Liberty Mutual Group has agreed to buy Ohio Casualty Corp. of Fairfield, Ohio, in a transaction valued at approximately $2.7 billion. Liberty Mutual will...
https://www.insurancejournal.com/magazines/business-moves/2007/05/21/154029.htm

Business Moves

May 21, 2007 - United Heritage, Alliance Mutual Insurance Alliance Mutual Insurance Co., headquartered in Greensboro, N.C., and United Heritage Financial Group Inc., based in Meridian, Idaho, have reached a...
https://www.insurancejournal.com/magazines/business-moves/2007/05/21/154069.htm

J.C. Flowers to Become Biggest Investor in Direct Response

May 9, 2007 - Direct Response Corp., the holding company for the Response Insurance Group, has signed an agreement under which an affiliate of J.C. Flowers & Co. LLC will become the largest investor in DRC. The...
https://www.insurancejournal.com/news/national/2007/05/09/79568.htm

Citi to Acquire BISYS for $1.47 Billion; Crump to Get Insurance Group

May 2, 2007 - Financial services outsourcing firm and insurance wholesaler BISYS has agreed to be acquired by global financial giant Citi. Under the deal, Citi would acquire all of the outstanding shares of...
https://www.insurancejournal.com/news/national/2007/05/02/79274.htm

2006: a big year for P&C buyers and sellers of all shapes and sizes

December 25, 2006 - JANUARY Hallmark Aquires Aerospace Holdings Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation...
https://www.insurancejournal.com/magazines/features/2006/12/25/76042.htm

2006:a big year for P&C buyers and sellers of all shapes and sizes

December 24, 2006 - JANUARY Hallmark Acquires Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation insurance products....
https://www.insurancejournal.com/magazines/features/2006/12/24/153166.htm

AIG’s Lexington Completes Quota Share Sidecar Deal with Concord Re

September 1, 2006 - American International Group announced that the newly formed Concord Re Limited, a "sidecar" reinsurer, and AIG's subsidiary, Lexington Insurance Company, have entered into a quota share...
https://www.insurancejournal.com/news/international/2006/09/01/71961.htm

Swiss Re Completes FPK Sale to J.C. Flowers & Co. LLC

June 29, 2006 - Swiss Re has completed the sale of its wholly owned subsidiary Fox-Pitt, Kelton (FPK) to an investor group led by J.C. Flowers & Co. LLC and by FPK management. Swiss Re will hold a minority...
https://www.insurancejournal.com/news/international/2006/06/29/69964.htm

Swiss Re Finalizes FPK Sale

February 13, 2006 - Swiss Re announced that it has reached an agreement to sell its wholly-owned subsidiary, investment bank Fox-Pitt, Kelton (FPK), to a new company formed by J.C. Flowers & Co. LLC as well as FPK...
https://www.insurancejournal.com/news/international/2006/02/13/65304.htm

Best Assigns ‘B++’/’bbb’ Ratings to Germany’s WUBA

November 24, 2005 - A.M. Best Co. announced that it has assigned a financial strength rating of "B++" (Very Good) and an issuer credit rating of "bbb" to German insurer WĆ¼rttembergische und Badische Versicherungs-AG...
https://www.insurancejournal.com/news/international/2005/11/24/62499.htm

Business Moves

September 19, 2005 - Marsh, Crump Group Marsh & McLennan Cos., the world's largest insurance broker, has agreed to sell the Crump Group Inc. wholesale brokerage business of its Marsh Inc. unit to an affiliate of J.C....
https://www.insurancejournal.com/magazines/business-moves/2005/09/19/150640.htm