Business Moves

December 5, 2010

ISU, Bekan Insurance Group

ISU International added Bekan Insurance Group to the ISU Network. Founded in 1992 and owned by Jim Langen II, ISU Bekan Insurance Group specializes in both commercial lines and personal lines and has two offices in northwest Indiana.

The ISU Network, founded in 1979 and headquartered in San Francisco, consists of more than 90 independently owned and operated offices.

NSM, IDEAL Marine

Philadelphia-based program administrator NSM Insurance Group acquired IDEAL Marine Insurance. IDEAL, based in Chicago, is a program specialist focused in non-construction ocean and inland marine. Geof McKernan, CEO of NSM, said the company is “aggressively seeking specialty underwriting or program acquisitions.”

Maximum, McAuley Woods

Maximum Independent Brokerage LLC, a Chicago-based excess and surplus lines wholesale brokerage, announced it is hiring the entire team of McAuley Woods Midwest office. Adrian Smith, along with his entire commercial team, brings more than 40 years of proven wholesale brokerage experience to Maximum.

Maximum Independent Brokerage LLC has offices in Chicago and St. Louis. Maximum is licensed nationwide and specializes in property, casualty, transportation, DIC, builder’s risk and professional lines of coverage.

Cincinnati Financial, KPD Insurance

Cincinnati Financial Corp. announced that its lead property casualty insurance subsidiary, The Cincinnati Insurance Co., appointed KPD Insurance Inc. in Springfield, Ore., as the first independent agency in that state to market its business insurance policies and services. Cincinnati Insurance executives initiated the relationship at the company’s headquarters, welcoming agency representative James R. Ginger, president. Field marketing director Roger D. Whitescarver has relocated to West Linn, Ore.

Financial, CNA Surety

CNA Financial Corp. proposes to acquire all of the outstanding shares of common stock of CNA Surety Corp. that are not currently owned by CNA subsidiaries. CNA, through its subsidiaries, owns approximately 62 percent of the outstanding shares of Surety common stock. CNA has said it is only interested in acquiring the remaining shares of Surety, and has no interest in a disposition of its controlling interest.

Sedgwick, Factual Photo

A subsidiary of Sedgwick Claims Management Services Inc. is buying Factual Photo Inc., a national provider of investigative services for employers, insurers and claims management professionals that specializes in workers’ compensation, disability and other employment-related claims.

Sedgwick is acquiring Factual Photo as a step in the creation of a comprehensive, integrated solution for the detection, investigation and prevention of fraudulent claims. The firm said Factual Photo brings approximately 140 investigative consultants and other specialists to Sedgwick.

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