American Re Corp. announced that its subsidiary, Munich American Global Services, Inc., closed the sale on Friday, November 14, 2003 of its subsidiary, Becher + Carlson Risk Management, Inc., the holding company for the Becher + Carlson Companies.
The purchasers include B+C’s management and employees. The terms of the sale were not disclosed.
The bulletin noted that “Becher + Carlson Management Ltd. will continue to manage American Re’s Bermuda-based rental captive facilities, Princeton Eagle Insurance Company Limited and Princeton Eagle West Insurance Company Limited, which are accessed by the clients of Munich-American RiskPartners, American Re’s alternative market group.”
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