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.
CRC Group Signs Agreement to Acquire Euclid Transactional 
Aon Extends Employment Agreement With CEO Case 
’60 Minutes’ Homeowners Ask Court to Force DFS to Divulge Heritage Probe Info 
Freight Broker Says $400K in Lobster Meat Stolen in Fictitious Pickup 
