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.”
Was this article valuable?
Here are more articles you may enjoy.
Public Adjuster Accused of Swiping $600,000 in Hurricane Ian Insurance Payments 
Meta Loses Insurance for Defense in Major Social Media Addiction Litigation 
New York Restaurateur Charged In No-Fault Auto Insurance Fraud Scheme 
Sources: US Treasury to Consult With Insurance Regulators on Private Credit Lenders 
