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.
Three Sentenced in Bear-Suit Attacks Insurance Fraud Case 
Oil Trader CFOs Say Hormuz Closure Driving Wave of Disputes 
How Niche Insurance Shielded Bad Bunny From Bad Weather 
Viewpoint: Japan’s $550B Bet on America—What it Means for the US Insurance Market 
