Insurance Mergers & Moves: Friday, February 22, 2013

Contact us | Subscribe | Send to a Friend

February 22, 2013 Business Moves & Mergers of Special Note Despite Uncertainty, Momentum Building for M&As in 2013: PwC Feb 21, 2013 -- While 2012 was a flat year for financial services mergers and acquisitions (M&A) overall, there was a surge in the fourth quarter and ... Swett & Crawford Acquires Southern Hospitality Underwriters of Georgia Feb 11, 2013 -- In an expansion of its specialized program business, Swett & Crawford has acquired the assets of Griffin, Georgia -based Southern ... Workers' Compensation Insurer MEMIC Expanding to Florida Feb 6, 2013 -- Portland, Maine-based workers' compensation insurer The MEMIC Group said it will open its first office in Florida in the second quarter of ... Business Moves & Mergers Digital Insurance Buys North Carolina Benefit Broker BSD Feb 20, 2013 -- Atlanta-based benefits broker Digital Insurance has acquired Benefit Services & Design (BSD) of Raleigh, North Carolina. The ... Wells Fargo Introduces National Health & Productivity Practice Feb 19, 2013 -- Wells Fargo Insurance, part of Wells Fargo & Co. is launching a health and productivity national practice, the San Francisco, ... RGEB Moves to Larger Headquarters in Southern California Feb 19, 2013 -- RGEB Employee Benefits, a San Fernando Valley, Calif.-based group insurance and employee benefits firm, has relocated to a new headquarters ... Allstate Accelerates California Recruiting Feb 19, 2013 -- Allstate Insurance Co. plans to add additional agency owners in California in 2013, expanding its recruiting campaign for the fifth ... MagMutual to Acquire South Carolina Physician Assurance Feb 19, 2013 -- Regional medical malpractice insurer MagMutual Insurance Co. said it has reached a deal to acquire the South Carolina Physician Assurance ... AIG to Purchase Outstanding Interest in AIG Israel Feb 18, 2013 -- American International Group announced that it has reached an agreement with Aurec Gold Investments Limited to acquire Aurec's 49.99 ... Anderson Kill & Olick Opens Vermont Office to Represent Captive Insurance Firms Feb 17, 2013 -- Anderson Kill & Olick, P.C., a corporate law firm known primarily for representing policyholders in insurance coverage disputes, announced ... Willis Announces Exec Appointments, Office Expansions in Massachusetts Feb 15, 2013 -- Willis North America, a unit of global insurance brokerage Willis Group Holdings, announced three executive appointments and office ... Ironshore Acquires Specialty Stop Loss Insurance Broker Feb 14, 2013 -- Ironshore Inc. has acquired Excess Risk Reinsurance (ERR) Inc., a managing general underwriter specializing in the Employer Stop Loss ... Quaker Special Risk Opens Boston Office, Hires Account Executive Feb 12, 2013 -- Quaker Special Risk, an independent E&S brokerage firm with its principal Massachusetts office located in Worcester, announced the opening ... Virginia's Hilb Group Acquires Pennoyer Group in Maryland Feb 11, 2013 -- The Hilb Group, a Richmond, Va.-based insurance broker, announced the acquisition of The Pennoyer Group from its shareholders. The ... Genstar, Aquiline Bid for Genworth Businesses: Sources Feb 11, 2013 -- Private equity firms Genstar Capital and Aquiline Private Equity LLC have teamed up and are in exclusive negotiations to buy Genworth ... New MGA Ascent Underwriting Launched in London; Targets Emerging Cyber Risks Feb 11, 2013 -- Ascent Underwriting, a specialist Managing General Agent (MGA) providing coverage for emerging cyber risks, has been launched in London, ... 5 New Appointments Bring TWFG Near 300 Branch Mark Feb 8, 2013 -- The Woodlands Financial Group, based in The Woodlands, Texas, announced the opening of five new local branches in Texas, California and ... Lockton Expands Australia Operation with Melbourne Broker Acquisition Feb 8, 2013 -- Lockton announced that it has expanded its operations on Australia's East Coast with the acquisition of niche insurance brokerage firm ... Tennessee's Westan Insurance Joins Keystone Feb 7, 2013 -- Keystone Insurers Group (KIG) has added Union City, Tenn.-based agency Westan Insurance Group Inc. as its 19th franchise partner in the ... N.Y.-Based Integro Acquires iTrade Unit From Navigators Management Co. Feb 7, 2013 -- New York-based insurance brokerage and risk management firm Integro announced the asset purchase of iTrade -- a bonds and logistics ... Shea Insurance in Nevada Acquired by Leavitt Group Feb 6, 2013 -- Shea Insurance in Las Vegas, Nev. has been acquired by the Leavitt Group. Terms of the deal were not made available. With the acquisition ... MedMal Direct Expands into Georgia Feb 6, 2013 -- Jacksonville-based MedMal Direct Insurance Co. (MedMal Direct) has received its certificate of authority from the Georgia Department of ... AmWins Acquires Long-Term Care Specialist CIMI Professional Feb 6, 2013 -- AmWINS Program Underwriters (APU), an AmWINS Group company, has acquired certain assets of CIMI Professional. CIMI Professional is a ... Digital Insurance Acquires Tennessee's Capital Benefits Group Feb 6, 2013 -- Atlanta-based employee benefits agency Digital Insurance has acquired Tennessee's Capital Benefits Group. It marks Digital's first office ... MMIC to Acquire Utah Medical Insurance Association Feb 5, 2013 -- MMIC, a large Midwest medical professional liability firm, has entered into an agreement to acquire Utah Medical Insurance Association, a ... Confie Seguros Buys New York, Florida Agencies Feb 5, 2013 -- Confie Seguros, a national personal lines insurance brokerage network, has acquired two additional agencies: Cannello Agency in Niagara, ... Northern United Agents Alliance Adds New Member Agency in Vermont Feb 4, 2013 -- The Northern United Agents Alliance (NUAA), an independent agency partnership based in New Hampshire, announced the addition of the ... Wisconsin's McClone Acquires Burkart-Heisdorf Insurance Agency Feb 4, 2013 -- Two independent insurance agencies in Wisconsin have joined forces with the acquisition of Burkart-Heisdorf Insurance Agency Inc. by ... China Approves HSBC Sale of Remaining $7.5 Billion Ping An Stake Feb 1, 2013 -- China has approved the sale of HSBC's remaining $7.5 billion stake in Ping An Insurance to a group controlled by Thailand's richest man, ... JLT Malaysia Acquires Insfield Insurance Brokers Sdn Bhd Feb 1, 2013 -- Jardine Lloyd Thompson (JLT) Malaysia announced that it has acquired Insfield Insurance Brokers Sdn Bhd, one of the country's major ... AmWINS Forms Non-Standard Auto Specialty Division Jan 30, 2013 -- AmWINS Group, Inc. has combined its various non-standard auto operating entities to create AmWINS Specialty Auto (ASA), a new operation ... Cross Insurance Buys Bond Specialty Agency Skillings Shaw in Maine Jan 30, 2013 -- Cross Insurance, a subsidiary of Maine-based Cross Financial Corp., and one of the largest independent insurance agencies in New England, ... Benefit Solutions Group Joins Heffernan Insurance Brokers in St. Louis Jan 30, 2013 -- Heffernan Insurance Brokers is expanding in St. Louis, Mo., with the addition of Benefits Solutions Group, also of St. Louis. The Benefit ... Combined Agents of America Adds 5 New Kansas-Based Members Jan 30, 2013 -- Combined Agents of America LLC (CAA) has expanded further into Kansas with the addition of five new agency members: Fuqua Ruth Typer ... Pinnacle Merges with Schumann in Northern California Jan 28, 2013 -- Walnut Creek, Calif.-based Pinnacle Brokers Insurance Solutions Inc. is merging with E M Schumann Risk. The change is effective Feb. 1. Ed ... Answer Financial Builds Sales Center in Knoxville Jan 28, 2013 -- Home and auto insurance seller Answer Financial Inc. has broken ground on a 32,775 square foot facility in Knoxville, Tenn. that will serve ... Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue February 11, 2013 Nonprofits, Social Services & Schools; Errors & Omissions; Business Auto & Repair: Commercial Auto, Gas Stations, Service Stations, Garagekeepers Liability, Tire Dealers & New / Used Car Dealers; Bonus: The Florida Issue (Special Supplement) More Newsletters Choose Newsletters Daily Headlines Weekly Reader Picks Magazine Update Insurance Journal TV Classifieds Breaking News MyNewMarkets Daily Claims Daily Enter Your E-mail How to Advertise For information about advertising on this newsletter and Insurance Journal magazines, contact Julie Tinney at (800) 897-9965 x148. View our Media Kit for advertising options in our magazines and online properties. Subscribe | Unsubscribe | Send to a Friend | Contact Us Insurance Journal 3570 Camino del Rio North, Suite 200 San Diego, CA 92108 (800) 897-9965 Copyright © 2013 by Wells Media Group, Inc.