Business Moves

Atlantic Specialty Lines, Financial Guarantee Underwriters, American Tri-State Underwriters

Atlantic Specialty Lines Inc. (ASL) announced it has acquired Financial Guarantee Underwriters Inc. and American Tri-State Underwriters Inc.

Financial Guarantee Underwriters has been serving the surplus insurance needs of the independent agents of Texas since 1989. American Tri-State has served the surplus lines insurance needs of the independent agents in Louisiana and Arkansas since 1980.

The companies will now operate as Atlantic Specialty Lines of TX, LLC and continue under the direction of Donnie Mitchell as the profit center manager.

This acquisition will expand the ASL sales locations to five offices including the existing sales centers in Virginia, Florida, Illinois and Pennsylvania.

The sales and underwriting functions will be business as usual for agents with Donnie Mitchell, Karen Edwards and Leigh Anne Harvey continuing front line operations as they have for years.

Holmes Murphy & Associates, Bridge Insurance Partners

Holmes Murphy & Associates, headquartered in Des Moines, Iowa, has acquired Dallas-based Bridge Insurance Partners LLC.

The team of seven from Bridge Insurance Partners led by Jeff Turner joined the organization and will work out of Holmes Murphy’s Dallas, Texas, office.

Holmes Murphy’s announcement said that Bridge Insurance Partners’ expertise in property casualty insurance will complement Holmes Murphy’s strength in employee benefits.

Holmes Murphy has offices in Des Moines, Davenport and Cedar Rapids, Iowa; Denver, Colo.; Dallas, Texas; Kansas City, Kan.; Omaha, Neb.; St. Louis, Mo.; Madison, Wis.; Peoria, Ill.; Oklahoma City, Okla.; Scottsdale, Ariz.; and Sioux Falls, S.D.

Sterling James

A team of insurance search executives has formed a new firm, Sterling James, to serve the needs of the global insurance industry.

Co-founders Bruce Halbeck, Erin Hamrick, and Simon Harrison were all senior members of the insurance practices of the two large executive recruiters, Heidrick & Struggles and Spencer Stuart, before launching Sterling James.

Together, they have 53 years of collective industry experience.

Halbeck co-led the insurance practice at Spencer Stuart, and led the global insurance practice at Heidrick & Struggles.

Hamrick previously served with a multiline insurance carrier, an insurance brokerage firm and as a partner at Heidrick & Struggles before joining Spencer Stuart as a senior member.

Harrison practiced as a commercial lawyer in London prior to leading the European insurance practice at Heidrick & Struggles.

Sterling James has offices in London, New York and Chicago.

Topics Texas